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How to purchase a duplex for investment?

duplex side by side in leesburg fl

Asked by Anonymous | Leesburg, FL| 09-20-2021| 1,200 views|Renting|Updated 3 years ago

Answers (2)

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Kevin Neely

Keller Williams Realty Elite Partners · Spring Hill, FL

(76 reviews)
Purchasing a duplex for investment in Florida gives you several strategic options: live in one unit while renting the other (house hacking), rent both units as a pure income property, or position the asset for appreciation in a growing market. In Brooksville and across Hernando County, Florida, duplexes are available at price points that still make the numbers work for investors, particularly compared to markets like Hillsborough or Pinellas where entry costs have escalated sharply. Hernando County rental demand has grown steadily as population migration from the Tampa metro continues, which supports occupancy rates and rent growth. Financing a duplex as an owner-occupant (if you plan to live in one unit) qualifies for conventional and FHA loans at residential rates, which are lower than investment property loan rates. If you are buying as a pure investment, expect to put 20 to 25 percent down and pay a higher rate. Either way, run a thorough pro forma before making an offer: purchase price, gross rents, vacancy reserve, taxes, insurance, maintenance, and any HOA or association dues. Kevin Neely & Kaitlynd Robbins | K2 Sells, Keller Williams Elite Partners
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04-15-2026 (2 weeks ago)··
Mary DoverNovice3 Answers
Mary Dover

Coldwell Banker Realty · Cypress, TX

(9 reviews)
Leesburg is a great area, definitely changing by the year. The most important part is to find a realtor that is knowledgeable. It would be an investment so finding a lender is the 2nd step. Is it occupied currently with tenants, do you know the CAP rate and the potential ROI?
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09-27-2021 (4 years ago)··
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