HOW DOES DUPLEX LIVING PAY OFF? You may count the ways:
Each unit rented at $700 per month. (Tacoma Housing Authority says they can be raised to $900 and above.) Expenses can be held to $4536 annually (=$381 per month). Available financing: Owner-occupied VA: 30 year fixed at 5% - $550 per month p&i. FHA investor loans (20% down) 30 yrs at 5%= $550 per month p&i.
Besides the positive cash flow, look for these extras:
* Tax savings. You could even shelter your other taxable incomes. * … (2 comments)
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