If you are considering buying an investment property, then congratulations! You are one step ahead of the game, and on your way to building up a portfolio that offers you passive income.
The next question is, what is the right type of investment property to purchase?Many buyers have heard of a duplex before, but may not be aware that there is an alternative to consider.
A dual key home, otherwise known as a dual occupancy home, is a residence that has two completely separate living spaces under the same roof. They each have their own garage, kitchen, bathrooms, living areas, bedrooms, outdoor entertaining areas and yards.
Sounding just like a duplex to you?
The Dual Key Difference
How a dual occupancy home differs to a duplex is that both residences are under the one title, unlike a duplex which has two titles. This means that for a slightly higher build price than a single residence home, you get two residences that you can rent out (generating two rental income streams), but that you only have to pay one set of council rates for!
The Dual Key Homes Difference
Here at Dual Key Homes, located in South East Queensland, we offer dual occupancy/dual living investment properties in Brisbane, Logan, and other areas in QLD. Our homes are quality assured, and offered at a discount compared to many other builders.
We are able to offer these lower prices largely thanks to the concept of repeat purchases from our clients. For example, a client purchases their first investment property from us, and because of two rental income streams, they may be generating a higher rental income than if they had bought a single residence.
This allows them to build equity in their investment property sooner, and then purchase a second dual living home. Now they have four rental income streams from two homes. They can continue this cycle until they have purchased 5 dual key homes, and are generating ten rental incomes streams from these properties. That client is looking at a pretty decent passive income on retirement!
Our theory is that if we offer exceptional customer service, and make the process of purchasing an investment property as simple as possible at the best prices, those clients will look to us first for their next property.
So what can we offer you? Turnkey home and land packages, finance options with our in-house broker, the mortgage down product to help you pay off your home sooner, rental guarantees, fixed price conveyancing, and more!
Check out our current property listings, or contact us to ask about any new stock and grab it first!
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