A creative approach to buying your first home

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Thinking of buying your first home? You might consider buying a duplex, like our client Carlson. 

Three years ago, Carlson bought a duplex on Madison's east side because the numbers made sense to him. Carlson moved into one side of the duplex and rented out the other. He took good care of his property, and now three years later he's getting ready to sell it for roughly $75,000 more than he paid for it. 

The benefits of buying a duplex? Your monthly costs are often much lower than owning a single-family home — because your tenant is essentially helping you pay your mortgage. 

And the real payoff? When it's time to sell, you get to cash in on the appreciation and equity of both sides. Equity that creates opportunities for you throughout your lifetime, and for your loved ones, too. 

Buying a duplex isn't for everyone, but it worked for Carlson, and it could work for you, too. When you're ready to explore whether this strategy fits your situation, give us a call. We'd love to help you build wealth through your very first home.