Duplex Purchase Question

Q: Can I purchase a duplex in the state of Maryland, live in one 1/2 while renting out the other 1/2 of the property at the same time?

A: It happens more than you might think. Many people buy a multi family property to live in half when renting out the other. the savings can be tremendous! The long term results can also be good if the market is appreciating (where value grows) or at least (as in today’s real estate
market) cash flows . A particular investor I have been working with in Macomb county Michigan buys bank owned, government owned or foreclosed properties then does exactly just as you stated. He then lives there for about 2 years then moves on to another property. The first property is then rented on both sides. After 9 years now, he owns his 5th 2 family & plans on continuing this process & use it as a retirement strategy. There are some great deals on a new website for those looking for property in Michigan, Detroit metro area. Check it out at www.StealThatHouse.com