The Bright Side Of Owning A Minneapolis Duplex

Recent stock market volatility has made me grateful for the duplexes and triplex I own.

There are many reasons for this. The main one is I have some control.

While the stock market rises and falls with alarming frequency, to spectacular heights and stomach-churning lows, my rental property keeps rolling along.

And when it doesn’t, when something breaks or changes or gets worn out, I can do something about it.

I can always pick up a paintbrush, a broom, or even don gloves and start weeding. Heck, even in the worst-case scenario, if the roof leaks, I can tarp it until I can fix it. It just won’t be pretty.

If values decline, it’s only relevant if I want to sell. If the property cash flows, why would I? After all, during challenging economic times, more people rent. And even if the duplex never goes up in value, my tenants are paying it off. That’s money I can take with me if and when I sell.

The economy at large also doesn’t impact the tax benefits of owning real estate.

Perhaps most importantly, in the worst possible scenario, I can always live in my rental property. Not only would it help me downsize, it would reduce my expenses.

Have you ever heard anyone say they can live in their 401K?