Minneapolis Duplex for Sale – Why Buy a Duplex by Drew Hoefler
Duplexes for Sale in Minneapolis:
We Specialize in Minneapolis Duplexes:
Searching for a duplex for sale in Minneapolis Minnesota? The duplex doctors are the number one buyer and seller of duplexes in Minneapolis and St. Paul.
The Duplex Doctors specialize in helping buyers, sellers, and investors with duplex, triplex, and multi-unit housing in the Twin Cities metropolitan area. Nobody has sold more duplex or triplex properties in either St. Paul or Minneapolis than the duplex doctors.
Who do We Serve?
The answer is simple. We serve Minneapolis duplex buyers. If you’ve been searching for a duplex for sale in Minneapolis Minnesota, you have probably already found that they are often not even found on the MLS system. That’s because the duplex market in Minneapolis and St. Paul is so competitive that there is always a list of people eager to buy.
Why Buyers Benefit From a Duplex Expert
People trying to find duplexes for sale in Minneapolis will benefit greatly from our expertise that comes from years of experience and a focused real estate agency. We only deal in duplexes, triplexes, and multi-unit housing. Buyers will find that negotiations and valuations are difficult to make when you were dealing with other people’s lease payments and existing tenants. Some questions arise right away.
- How long will the current tenant be likely to stay?
- What happens if the current rental rate is inappropriate?
- How do you determine the value of a duplex that requires repair and renovation?
- If you’re using an FHA loan, how do you compete against traditional investor offers?
We've sold hundreds of duplex and triplex properties in Minneapolis Minnesota and St. Paul Minnesota. In fact, we have sold more duplexes than anyone else for four years in a row. If you are looking for a high-protein firm that specializes in duplex buying, selling and investing, then we're confident you will enjoy working with us.
We’ll Help You Find the Perfect Duplex
Make a great investment by working with a duplex specialist.
When we first get started with a person searching for a duplex for sale in Minneapolis, we help them understand all the tensions at play and create the sandbox in which they would like to purchase.
One of the key things about purchasing a duplex in Minneapolis is that the value of the property and the ensuing negotiation is tied to a number of factors that require expertise from a duplex specialist.
Minneapolis Duplex Properties are About More than Profit
We are the duplex doctors – Twin Cities Duplex Specialists and a Real Estate Team
Our mission is to maximize the value for duplex buyers, sellers, and investors. But why we do it is much more important to us. We know that investing in real estate can be unbelievably beneficial when it’s done properly. We believe that people need to be informed, coached, and aware of what it means to get into real estate, but duplexes are the easiest road to building up a real estate portfolio.
Minneapolis duplexes are a tremendous value for owner occupied or investors.
Minneapolis – St. Paul – Minnesota Real Estate
One of the reasons that investing in a duplex in Minneapolis is so great, is because the Minnesota economy and quality of life has been heading in a positive direction for quite some time. Buying a duplex in different parts of the country is entirely different than buying a duplex in Minneapolis or Minnesota, because Minnesota is a great place to live and raise a family. The economic landscape differs from that of any other city or state.
If you’re purchasing a duplex, selling a duplex, or investing in a duplex, we highly recommend that you work with us so that you can get the maximum value from this unique real estate transaction.
Minneapolis Duplexes are Hot Commodities
Inventory in the real estate market is low, which is causing the prices to go up at a rapid pace. Not only our traditional homebuyers facing a lack of inventory, but the duplex market has been competitive for quite some time.
Why buy a duplex for sale in Minneapolis?
When you invest in a duplex, you are able to benefit from a number of factors:
You have an ability to use a lower down payment financing from FHA, VA, or even conventional loan that is usually not accessible to an investment property. That means that you can purchase a duplex with down payments as low as 3 1/2% or 5% compared to the traditional 20% required for investment properties.
Borrow Against Projected Rent Payments
Another cool benefit of buying a duplex is that you will be able to borrow in consideration with the rental payments from your tenant. This means that you will be able to borrow and purchase a higher value property then if you were using a traditional financing option. Twin Cities duplex investors often get started by purchasing with FHA financing and occupying it while living in a wonderful Minneapolis neighborhood such as the Powderhorn neighborhood, Bancroft, Longfellow, Corcoran, Seward, Uptown, Nikomis, Northeast, Carag, Saint Anthony, Victory, Holland, Botineau, Beltromi, etc.
Minneapolis Living While Having Your Mortgage Paid
Obviously, we cannot promise that your entire mortgage payment would be paid by rent payments from 8 tenants, but we found that purchasing a duplex and occupying half of it allows you to create financial momentum.
Duplex House Hacking Minneapolis Minnesota
What is house hacking? The idea is that you scrape by with as little as possible in order to begin your real estate investment portfolio. House hackers are those that will buy a house and find a roommate right away to help offset their rent payment so that they can start saving for a down payment on their next property.
Millennials, House hacking, and Duplexes
One of the greatest ways to house hack is to purchase a duplex. Imagine being able to use FHA financing to purchase, having a low down payment, and then being able to borrow against the projected rent income. Then, you’ll even have a large portion of your mortgage be offset by rent payments so that you can save money, pay off student loan debts, or get ready to purchase the next property.