top of page

Purchasing a Duplex Can Bring a Great Opportunity to Build Wealth

In today’s market, with interest rates remaining high and rents increasing, there are still ways to become a new homeowner and build wealth through real estate. John "JJ" Jeffrey, Senior Loan Officer with Aslan Home Lending Corporation (NMLS201863) CO MLO #100018682, suggests that there is an excellent opportunity in buying a multi-unit home (duplex, triplex, quadruplex, etc.).

Jeffrey states, “Many people don’t know that if you buy a multi-unit home as a primary residence, you can use the rent of the other units to help you qualify for a loan.” And even though it is an investment to purchase property that brings in rental income, you still only need to pay the downpayment for a primary residence, not like 20% for an investment. Jeffries continues, “And if the seller is willing to help with closing costs, this can be a very affordable option for a current renter to become a homeowner.”

This example proves there are still some ways to succeed and build wealth in today’s real estate market. By being creative and by doing research, there are opportunities out there.


bottom of page