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Real Estate
Reply to "What is a piggyback duplex?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You would only own unit #1. Basically its a stacked townhouse with 2 units, usually 2 floors up and 2 floors down but sometimes different configurations.[/quote] Not in this case. Read the listing 'condo built w/ exacting detail w/ LL rental unit - could generate $1,500/month.' It says the unit owner would ALSO own the basement rental. At $1,195,000 it looks like a good deal. [/quote] But if you look at the HOA, it's $200-something per month per unit. So if you're buying the whole building, why would you pay an HOA for two units that occupy the whole building?[/quote] PP here - that I agree with. It's a PITA to buy 'condos' in those townhouses broken up into 1-4 units because of this...among other reasons. Why would I pay $200-$400/mo in HOA fees for what is effectively a house? But if you own both of these units maybe you could just think of it as 'HSA' for your house repairs when needed. [/quote]
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