Course the biggest benefit is having someone else help with the monthly mortgage payment. The renter next door can be a friend, family member or someone new to you. Anyway you look at it, they are helping you pay your monthly mortgage expenses. The rental money can also be used for such things as maintenance items or general upkeep of the property or even your monthly food bill. It just depends on your needs. Although, most people just use the rent money to help offset the cost of the monthly mortgage.

The other idea that many people do is pay the entire mortgage amount themselves and the rental income they received goes into a saving account. After a few short years, this savings account has a sizable amount, which they use as a down payment on their dream home. Now they have their dream home plus they have a duplex with each side giving them monthly rental income.

Another benefit of an owner occupied duplex is that the other side can be a good tax shelter for you. The rental side can be depreciated as per IRS guidelines and many times it will produce a paper loss for you. This can help lower your taxes. Plus ½ of all or any repairs you complete can be written off on your taxes also.

If you would like to learn more about how to invest in Buying a Duplex, whether it’s for an owner occupied or as an investor. I would high suggest you check out this web site at http://www.smartduplex.com. It’s full of great information regarding buying, managing or owning a duplex, triplex or fourplex.

The reason why I suggest that you invest in duplexes is because there are people selling their investments before there is another real estate crash. If you ask me, there will be another real estate crash but the nice thing is that with the last one we all went through this one will not seem as bad. What you need to be looking for are all of the people out there that will be selling their homes and duplexes in order to get some of their tied up money out and into something a little more stable. This is where you can take advantage of other people’s fears.

Another reason why you should invest in duplexes is because you don’t have to pay double for lawn care and you can also get better deals if you need a contractor to do some work. Think about it, with double the size you will be able to get a better deal by simply letting the contractor know that they have double the work than they thought. This might seem a little weird to you but once you own your own duplex you will get the hang of it.

There are a lot of great duplexes out there, some will need a little bit of work but if you want to make money in real estate then this is what you will have to do. If your goal is to make money from a real estate venture than you should be doing everything you can to make it happen. What you must keep in mind is that you have hundreds of thousands of dollars riding on you and your property so you need to do whatever you can to make sure that you don’t lose any money on it.

When it comes to real estate you need to know what you are doing and the nice part about a duplex is you can live in one unit and rent out the other side. This will keep you at ease knowing that your real estate venture is being taken care of.

If you want to know more about real estate then check out my site that talks all about Wenatchee real estate.