Your National Resource For Duplex Ownership

National Resources for Duplex Owners

Welcome to DuplexChick, your online destination for duplex ownership information.

Whether you're thinking of buying your first duplex home, or an experienced investor looking to sell, DuplexChick can provide you with up-to-date market information, tips on investment property ownership, and when youĂ­re ready to buy or sell, help you find a Realtor who specializes in these unique properties right in your area.

Considering Buying? See how a duplex specialist can help you get a better deal

Considering Buying?

While every Realtor can sell you a home, not every agent can do the necessary financial analysis to find a duplex that is a good investment. Click here for a neighborhood duplex specialist who can help you meet your financial goals.

Sign Up For Our Free Duplex Buyer's Guide

Considering Buying? See how a duplex specialist can help you get a better deal

Considering Buying?

Unlike single family home owners, duplex owners facing foreclosure must also contend with potential tax consequences. Whether you are an owner occupant or duplex investor enduring the stress of being behind on mortgage payments, or needing to sell even though you owe more than your duplex is worth, a short sale can help reduce damage to your credit and tax obligations.

During this stressful time, let one of our Realtors who is an expert carry the load.

Thinking of Selling?

What If I Need To Sell? Regardless of market conditions, learn the tips and tricks to maximize your equity!

Sign Up For Our Free Duplex Seller's Guide

Kari Lundin, Keller Williams Realty Integrity

7401 Metro Blvd Suite 350, Edina, MN 55439 tel. (612) 290-5998

Featured Articles

Help The Twin Cites Send Truckloads of Help To Houston! 09.04.17

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The Keller Williams Realty Integrity offices in the Twin Cities are working together to send a truckload of supplies to help the people of Houston.

Please bring donations to any of the market centers listed by Friday, September 8. We will load them into semis and deliver them.

The things they need badly are:

Rubber gloves (dishwashing type)

Rubber boots
Bleach (lots)
Old towels and rags
Dust/debris masks
Bug spray (as much as we can get)
Contractor trash bags
Shovels (flat nose are best)
Laundry detergent (LOTS)


The things that are usually overlooked that are going to be very helpful and comforting are:
Feminine hygiene products

Underwear (all sizes – even really large)
Kids items like board games, coloring books, balls (things to comfort them)
Anything that pops into your mind that you think would be comforting, send it. I’m sure we’ll find a place for it.
Our Texas Keller Williams agents tell us time is of the essence. They would like to get cleanup started as soon as possible because, after all, it is Texas…and football season!

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3 Ways To Attract Buyers Who Will Pay More For Your Minneapolis Duplex 08.24.17

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In today’s Minneapolis and St Paul duplex market, the buyers willing to pay the most money are the first time home buyer owner occupants.

This group is typically looking for a duplex that is in great shape, with some updates and a tenant paying enough rent to make their portion of the mortgage and expenses less than they are currently paying to rent themselves.

While cash flow is important to them, most of the time they are looking for a property that will at least break even if they ever move out.

If you are a Minneapolis or St Paul duplex seller, it stands to reason then that you would want to make sure of three things:

  1. Your property is in good enough condition that it would appeal to a first time home buyer.
  2. At least one unit is either on a month to month lease or vacant so a buyer can move in (this is usually mandatory for their financing).
  3. The unit(s) you have rented is at or near market rent. Many landlords are afraid if they raise the rent they will lose good tenants. What many owners forget, however, is if that tenant leaves, they will likely have to pay market rent to someone else. A buyer will still be interested in your property and keeping your tenant if your rent is 5-10 percent below the market rate. However, if the rent is 50 percent below market rate they are going to a) offer you less money and b) raise the rent to close to market value the moment they can.

If you’re thinking of selling your duplex in the spring, you may want to make improvements with owner occupants in mind over the winter. It’s the best way to ensure your duplex sells for the most money possible.



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Why An FHA Duplex Loan Isn’t The Big Bad Wolf 08.22.17

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Just like you can’t believe everything you read on the Internet, you can’t believe everything you hear in real estate.

Take, for instance, the urban myth that Minneapolis and St Paul duplex sellers shouldn’t even consider an offer for a buyer using an FHA insured mortgage, even if, in multiple offers, it is for significantly more than an offer from another buyer.

An FHA mortgage is one in which the buyer may put as little as 3.5 percent down to qualify for a loan to owner occupy a duplex, triplex or fourplex. While the money is lent to the buyer by a traditional bank, the Federal Housing Administration (FHA) agrees to insure the loan against the buyer defaulting. Just like any insurance, there is a cost to this which is passed on to the buyer as a monthly premium.

Before agreeing to insure the loan, the FHA wants to know that the duplex is safe for someone to live in. So, when the lender sends an appraiser to the property, FHA sends along a checklist. They ask the appraiser to compare the property to their health and safety standards. If the property fails, the item or items must be repaired before they will agree to ensure the buyer’s loan.

Sounds scary, right? Here’s the deal. Almost everything they look for can either be seen by the buyer or their Realtor when they first look at the property or will be called out if the buyer hires a professional inspector.

I think you’ll be surprised when you see how minor the items on the FHA checklist are. They include:

  • The lot needs to be sloped away from the foundation. In other words, water shouldn’t be coming into the basement because the exterior grade drains toward the duplex.
  • All bedrooms need egress windows. (This is required in order for a room to be considered a bedroom anyway!)
  • If the property was built before 1978, it may contain lead-based paint. This can potentially be a health hazard. So, the appraiser makes sure it isn’t cracked or peeling anywhere.
  • All steps and stairways must have a handrail.
  • The duplex has to have a working heating system that’s big enough to heat the property.
  • The roof shouldn’t be leaking – or look like it will leak in the near future.
  • The foundation should be in good enough shape to support the duplex.
  • There shouldn’t be any cracked or broken glass in windows.

In my 16 plus year career, I have had an FHA appraiser have issues with a duplex or single family home less than a handful of times. They involved a cracked pane of glass, some peeling paint, and a handrail. I don’t think a single one of those repairs cost the sellers more than a couple hundred dollars or an hour or two of time; and they were all items that had come up during the buyer’s home inspection!

Refusing a strong clean offer that has an FHA loan because it might require the seller to do minor repairs seems rather ridiculous, doesn’t it?

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