I’m glad no one told me that years ago. - Posted by hkCA
Posted by hkCA on May 17, 1999 at 14:30:15:
Since 2/1s are less desirable in most cases, there exists a chance for an investor to buy them at a greater percent of discount. So why avoid them? People are buying these houses all the time. They make great starter homes for people with little money but a desire to own their own place. I feel while many investors are only looking for the “ideal home”, they are passing up a lot of good opportunities with these smaller units. Just be sure to buy them at a good discount.
They also make great L/O deals. After the tenant/buyer is in the home for a year or two, they often decide they need a bigger place. You get to L/O the place again and collect another option consideration. And you can sometimes work a deal to move the first buyer into another larger home you may have.