Benefits of Dual Occupancy Investing
There are many reasons why dual occupancy property may fit well into your real estate investment strategy. Below are the top 6 reasons why so many of our investors decide to invest with us to grow their portfolio.
Two Lots of Rent
The potential to pick up two income revenues from a dual occupancy¬†property adds massive value to an investment. ¬†If one unit is empty you are still collecting rent on the other one. ¬†Or you can live in one half and collect rent off your tenants in the other.
Positive Cash Flow
Renting out two units creates positive cash flow, allowing the rent to cover the cost of interest payments, rates, insurance and property management. ¬†The best examples of this have been created as a result of a good strategy.
Equity can only be gained through growth of a property‚Äôs value. ¬†Building a duplex investment property, and following all the council rules, allows the duplex to be strata titled. ¬†It can then be valued as two separate units creating instant equity.
There are very strict Council rules that need to be followed to be able to strata title a duplex, because Council is required to seal the plans, which gives the titles office approval to split the title into two.
Land is the key to property investing. ¬†A dual occupancy property requires a large block of land, and land appreciates over time, creating added value to your duplex investment.
Stamp Duty can be a large cost when purchasing a property. ¬†If you buy a dual living house and land package you only pay stamp duty on the land, and not the build, so this is a great saving. ¬†The money can stay in your pocket instead of the Government‚Äôs.
If you would like to know more about dual income property investment strategy, go to Vizion Group‚Äôs¬†home page, and request your copy of¬†‚ÄėStep by Step Guide to Duplex Property Investing‚Äô¬†eBook.
If you have any questions¬†contact us¬†to arrange a detailed conversation with our team to better understand how investing in duplexes could work for you, and we can provide you with current information about available lots for sale.
About¬†Vizion Group Qld
With over 20 years experience in property investment Paula & Denis Harris and Tracy & Rudy Drent came together with the goal of helping others with a key focus on positive cash flow properties for the first time investor or for the experienced investor looking for that unique asset that complements any portfolio.