Posted by phil fernandez on December 31, 1998 at 12:44:10:
Happy New Year Warren,
The fact that the duplex is only 10 minutes from a major city is a big plus. Commuting distance is an important factor for buyers.
Although I have never lease/optioned a duplex, I don’t see why you couldn’t successfully do it. True alot of people prefer a single family house, but you would be surprised at the amount of people that would be attracted to a duplex with the idea of the other rental offsetting mortgage and tax costs.
As far as your condex idea, I’m assuming that you would be talking about selling each side of the duplex seperately. See if this has been successfully done in your area and see what kind of market there is in your area for this type of conversion.