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Duplexes in Boise can make great investments. There are many reasons investing in a duplex can make sound financial sense. For an owner-occupant, it offers a unique opportunity to get started in Boise real estate investing with only a minimal down payment. Purchasing a duplex with the intent of living in the property will usually qualify you for special financing, including an FHA loan. Meaning your down payment could start as low as 3.5%.
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When buying a duplex as an owner-occupant you would usually be able to use the rental income from the second unit to help you qualify for the purchase. Living in one side and renting the other means your tenant may be paying a majority of, or even most of your mortgage payment. Although the benefits of home ownership, including long-term appreciation, accrue to you.
As a non-owner occupant, Boise Duplexes allow you to make a larger investment than you otherwise could with a single-family home. Typically speaking, duplexes for sale in Boise Idaho offer two sources of rent with a lower operating cost than owning two separate houses. In other words, you will receive a better return on your money, better income, with a multi-family home.
One of the most significant benefits of owning a duplex is lower potential vacancy rates. Even if one tenant leaves, the other side of your property will still be providing you with income.
If you would like to speak to an expert about local real estate or a Boise duplex for sale, contact us online or call (208) 391-4466.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed. All listings provided by IMLS are marked with the official IMLS IDX logo.
Listing information last updated on December 6th, 2024 at 3:37am MST.
