Damon Posted September 9, 2021 Share Posted September 9, 2021 So I was curious about what people's preferences are. When it comes to owning a duplex, would you keep it a duplex and rent it out to two tenants? Or would you remodel the duplex into one home, and rent or sell it that way? I feel like making it into a house would be better, but I suppose if you want to maximise profits, keeping it a duplex would probably make you more money. But I probably would go with a house myself, because I like remodeling and rebuilding. 1 Quote Link to comment Share on other sites More sharing options...
James Posted September 9, 2021 Share Posted September 9, 2021 If it started as a duplex the highest and best use for the property is likely duplex. You will be able to achieve higher rent per sqft with that as a duplex instead of a single family home. I would fix up each side of the duplex and make it really nice if you are looking for a project and then get it all leased out. Quote Link to comment Share on other sites More sharing options...
Stacey Posted September 11, 2021 Share Posted September 11, 2021 There are several houses on a street near me that are exactly the same. They are basically mirrored images on each side of the house. One of them is for sale and a friend of mine had thought about buying it and renting it out. In the area it is in, he could easily get $900 a month from each side which would more than cover the cost of the mortgage which would be around $1150. I think they are better to keep them separated for more revenue. 1 Quote Link to comment Share on other sites More sharing options...
Carson Posted September 11, 2021 Share Posted September 11, 2021 Yeah I second keeping it a duplex, because then you can rent it out to two different tenants. Making it into a single family home, would result in less rent profits. On top of that, you could live in one side, while a tenant lives in the other side. That's why I like duplex houses, because you could have the landlord live in one part, and a tenant living in the other. 1 Quote Link to comment Share on other sites More sharing options...
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