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by douche 3569 days ago
I think I read one of your articles discussing this before I bought my home, and it helped convince me to pull the trigger. I was renting one unit in a duplex, when my landlord put the building on the market. After some months, the price he was asking came down into the range where I could make a play for it, and I did. With a software developer's income, I had no trouble getting approved for a mortgage, and was able to take advantage of FHA incentives to get a low interest, low down-payment loan that I scraped together a down payment for by tightening my belt for a few months. Best decision I ever made.

Since it is a duplex, I've been able to rent out the other unit, and the rent on a big, 2BR apartment in this market is enough that it more than pays the mortgage, leaving me to just pay the property taxes.

2 comments

BTW, would love to hear more about your success. Email me at john@simpleprogrammer.com if you get a chance and I'll be happy to give you some free advice in exchange for hearing more of your story.
Awesome! Glad I could help. Well done on taking action. Most people never do. Congrats man. Really happy for you.