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| Thursday, June 29, 2006 |
| Triple-decker |
The RealEstateJournal has the story: Alaska Investor Turns Home Into a Profitable Rental. In Alaska they call it a triplex - in Boston we call it a triple-decker. The concept is the same - one house, four walls, one roof, but three apartments. Generally the owner lives in one unit and rents the other two. The rents help the owner afford the house and if lucky (and have owned the place for a long enough time) eventually the owner makes a monthly profit off the home.
Both of my grandparents owned triple-deckers and raised families in them. It was income from those rents that ensured comfortable retirements. It was interesting reading how this Alaskan couple faired with their home/investment. |
| posted by Boston Gal @ 6:31 PM *
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I would LOVE to own one of these, or a duplex, and live in one unit. I'm hoping when we're ready to move on from our current home, we'll somehow be able to keep it and rent it out, while buying a 2 or 3 unit building to live in, kind of like you, Jane!
The only difference? I think I'd let a management company eat some of my profits unless I could rent long term to friends.
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I would LOVE to own one of these, or a duplex, and live in one unit. I'm hoping when we're ready to move on from our current home, we'll somehow be able to keep it and rent it out, while buying a 2 or 3 unit building to live in, kind of like you, Jane!
The only difference? I think I'd let a management company eat some of my profits unless I could rent long term to friends.