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Old 15th July 2008, 03:58 PM
DianaR DianaR is offline
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Join Date: Jul 2008
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Quote:
Originally Posted by BERTHA View Post
I want to ask you all available here that is there any actual property based investment which will provide me property (i.e. dwelling basically) along with money in profit. Any help will be grateful.<o>></o>>
Purchasing a duplex can work well as long as you can simply rent out the unit that you aren't living in. This assumes, of course, that you can qualify for the property. You need to be able to pay the mortgage for BOTH units, without a renter, so that you and the mortgage company are assured that the unit's being vacant will not send you into foreclosure.

In my city, duplexes are now being sold as semi-detached homes, aka townhouses. To buy both units, a mortgage is needed for each unit.
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