Ever considered the benefits of becoming a landlord?
I invested in rental properties beginning in my 20's - in fact, the first 3 properties I purchased had rental income - and that decision became the cornerstone of wealth creation for me.
Your dream home may include a private backyard and beautiful curb appeal - nothing wrong with that.
But take a moment and try on a different dream - one where you have tenants to pay most of your mortage and property taxes, while you benefit from the tax advantages and appreciation like any other property owner.
This duplex in Rutledge, Georgia has a pair of 1200sf+ units, each with 2 bedrooms and one full bath, eat-in kitchen, plus living room and den. With a shortage of affordable rental housing in desirable Morgan County, you can understand why the owners have no trouble keeping them rented for $600 /month.
The flooring is a mix of hardwood, carpet, and vinyl, and the brick siding is easy to maintain. The roof is about 12 years old, and both AC units have been replaced in recent years. The electric panels need upgrading (ask me about the panels on my first fixer upper!) - but the sellers are prepared to offer a $3000 credit at closing towards that.
At just $112,000 asking price, the only decision for you is whether you should rent both units, or use one side as your home and rent the other side.
Small but Special, Rutledge Georgia is the western Gateway from Atlanta to Morgan County and Georgia's Lake Country, including Lakes Oconee and Sinclair. The vibrant downtown is just a short walk away - you'll enjoy free concerts in the Park, and a variety of shops and restaurants, plus business focused on wellness, including chiropractic and yoga instruction. Hard Lake Creek State Park is just to the north, with a fine golf course, Lake Rutledge, and miles of walking and riding trails.
Comments(6)