Curious to learn more from real investors from here. In a dilemma on my first property. Should I buy a duplex that has one current tenant way below market value on rent (lease ends Dec) and I could move into other side now. Mortgage payments are just at my top limit in scraping by on budget if I kept their current tenant rental amount. I could see renting out the other unit for easily $500 more than current rent. Also I could see the growth on his duplex sky rocket faster than any other single family I could get. I could absolutely live in the duplex for a long time. This duplex is also in the middle of a downtown area with up and coming businesses, restaurants, parks, etc. Or buy a way cheaper single family home with a much lower mortgage, not have a duplex, but a single family home that I can rent out if I ever move for more than my mortgage payment? This option also doesn’t tie me down to an area. I’m able to save more monthly in the short term. My question is, if I save m
Hi All, I wanted to hear your take on the FL real estate. Currently live about 23 mins from Sarasota with no damage due to the recent storm. I know now is not a time to sell, but I’m hearing typically summer time is slow, election years make it even slower and with the recent hurricane homes are just sitting. If you don’t mind sharing would love to hear from you all the cycles and better understanding of what an election year has to do with home selling/buying. submitted by /u/sporty6blonde [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g46gw2/fl_realestate/