RentToOwn-HouseFinder.com

Will a duplex or a single family home with a lease to own option generate a better return on investment?

This will be my first property purchase. If I decide on a duplex or triplex instead of the single family I will most likely live in one of the units although I can be content with my current living arrangements depending on the income generated. Any view points will be appreciated.

Public Comments

  1. Never enter into a lease-to-own arrangement. You will lose. Instead, wait until you can afford a mortgage.
  2. Do you want to keep track of more than one tenant and pay maintenance on more than one property when they move out? If you want a stable income, I would go for the single-family home and lease it for a year at a time AS LONG AS the rent will be greater than the payment. If not, then you might be better off buying a duplex or triplex, but those have more work involved in keeping them occupied. Screen the applicants WELL. I would NOT include an option to buy in this economy - there is no telling which direction the value is going to go at this point and one party or the other could be seriously screwed.
Powered by Yahoo! Answers