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Should You Buy a Poconos, Stroudsburg or East Stroudsburg Duplex Home?

There are positives and negatives to owning a duplex. A duplex allows you to have rental revenue from one side helping to reduce the financial burden of the total mortgage payment. When qualifying for a mortgage in a duplex, traditionally you will qualify as an owner occupied property as long as you will be living in one of the homes. Because of this you will get a loan with a lower interest rate (than an investment owned property) as well as qualify for the normal owner occupied down payment.

Buying a duplex may make sense but you must keep the other united rented, to a responsible renter with consitant income to gain a benefit over a single family home.Getting a renter that pays the rent on time and keeps the unit clean and in good condition is the goal, and this is sometimes difficult to do. There is an additional burdon of being responsible for maintenance of both homes. Which means you must be prepared to fix and replace broken items in a timely manner along with cleaning the carpets, applying a fresh coat of paint, wvery so often. Keep in mind that there are more responsibilities with a duplex as opposed to a single family house.

Onsite landlords have a lower probability of tenants damaging property since you live next door.

Owning a duplex has some tax shelter opportunities for most people (please talk to you accountant prior to purchase). One of these is being able to depreciate one-half of the duplex, and deducting the interest on the mortgage for both units.

Premiere Multifamily Homes for Sale in the Poconos

Duplex in the Poconos For Sale $116,900 Great investment property (over $18,000 in revenue), starter home with income or two family to share. Great rental history and great commuter location less than 2 miles from NJ and I-80. Less than 70 miles to NYC. Lower unit has 3 season room. Walk to shopping, school bus and downtown. Very Large lot. Owner financing available. Call USA Realty 570 517 2428