As house prices have increased, finding gems to flip for profit is becoming a little more challenging.
Savvy investors have seen the benefits of building a duplex to double their property portfolio on a single block of land. On completion of the build, you can then take some equity out of that property and go and buy another property immediately. Alternatively, If you’re after immediate cash flow, a duplex provides a dual income for the cost of a single piece of land.
Duplex home is one of the property world’s quiet achievers, often able to produce strong value growth and healthy rental yields for a much lower price than its neighbouring stand-alone houses.
Many successful full-time property investors tell of their first property being a duplex, living in one while the income from renting the other enabled them to pay off the mortgage quickly and buy a second investment property quickly.
Building a duplex is a great way to put yourself in a position to buy more property and to grow your property portfolio two-fold.
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