The Duplex Money Tree
For Small-Time Investors
by
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Hello!
You’ve probably heard this advice before: INVEST IN A DUPLEX. And you’ve probably resisted for many of the same reasons that I did initially. “I want my own place without the hassles of a tenant next door.” “I’m too busy to be running a business.” “It’s easier to invest in the stock market.”
Twenty years ago my husband persuaded me to abandon my objections. After seven years of renting a duplex, we finally made the decision to buy one of our own. We found a duplex with a beautiful backyard in a wooded area. We both agreed that we liked it well enough to call it home. Within ten years I was convinced that my husband had the right idea, and we took the opportunity to buy a second duplex next door! Our property values appreciated nicely, promising continued growth in our investment. Better yet, our duplexes generated extra income for us with very few demands on our time. My initial concerns, the same ones that bother you, have vanished.
“I want my own place without the hassles of a tenant next door?” On the contrary, my home is very private. I have had the opportunity to select all of my neighbors, and I have enjoyed meeting and getting to know some very interesting people. The demands on my time have been minimal.
“I’m too busy to be running a business?” Yes, this will take some time, but I can’t think of a small business that would require less time. With fulltime jobs, my husband and I were determined not to let the duplex eat up the limited free time that we had. We found relatively insignificant time demands, even during periodic tenant turnovers. We occasionally hired a handyman to assist when our time or skills were lacking.
“It’s easier to invest in the stock market?” Boy, am I glad I didn’t put this money in the declining market! But then again, I wouldn’t have had this much money to invest because half of it came in as rental income! Real estate is a generally more stable investment than the unpredictable stock market. Real estate is also a simple straightforward investment, while stock market investing can involve complicated intricacies. Your stockbroker will tell you to balance your portfolio, and real estate is an excellent way to do that.
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About the Book
You want this book if--
You’re thinking about buying a
home.
Pay off your mortgage in half the time!
Buy your home for half the cost!
You want control over who your
neighbors are.
Tired of wondering who will move in next door?
You can take control!
You want to generate extra income
without a large investment of time.
Here’s a small business that is manageable despite the demands of your primary
employment. This is also a perfect
second income for retirees! Have tenants
sign an annual lease to minimize your time requirements.
You’re looking for a safer
investment than the unpredictable stock market.
Enjoy solid earnings despite an unstable economy. Let your tenants build your equity while your
property appreciates in value.
You need more tax write-offs.
Write off the interest that your tenants are paying! Plus you can deduct one-half of the cost of
any tools, maintenance supplies, and yard expenses!
About the Author
Dianne Van Beek and her husband, Larry, have nearly 20 years of duplex ownership experience. Prior to buying their own duplex, they rented a duplex unit for seven years. Within 10 years of buying their first duplex where they reside, they purchased a second duplex next door. Dianne uses their combined years of experience to pass along helpful tips to new landlords.
Prior to retiring, Dianne spent over 20 years as a college professor of marketing. She holds a doctoral degree in adult education. Her solid understanding of business and education, combined with practical experience in the rental market, gives her unique qualifications as a writer. She has designed an easy-to-understand manual for anyone interested in entering the duplex market.