If you are shopping for a fixer-upper, have you considered an income property as an alternative to a traditional home or duplex? Owner-occupied rental properties can usually qualify for lower interest rates, and can provide a nice stream of income for homeowners who are willing to be landlords.There are a number of properties currently listed in the $240 - 400K range that have anywhere from 2 to 5 separate units! Consider the possibilites of purchasing a home to live in (and rent!) while you fix it up... options include a duplex, triplex, row homes or a single family home that has been converted into separate condos!
Contact us for more information, and for a list of available income properties.
