Investor Spotlight: Nate's Harriet Ave Duplex
Nate was one of our very first investors who caught the wave of demand for rental units in the uptown area. He starting looking at single family homes and altered his search for the investment emphasis that duplex offered.
It ended up paying off greatly, as six months after the closing he was transferred to western North Dakota for work. In most settings this turns your present home into a liability. However, Nate was presently surprised to realize the income potential that his duplex provided once he left Minneapolis.
The lending world looks very favorably upon rental income. Once shown on your tax returns, it becomes further income to qualify for subsequent investments, Nate is presently on this path to getting his second multi-unit property in 2013.