Anyone in an owner occupied duplex sell a unit to a friend or family member?

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The property value has exploded for my home, which means selling one unit could pay for a huge chunk of my mortgage and relieve me from being a landlord and dealing with these new property taxes. I’m also moving out of state for a new job and this place won’t cash flow with renting + a property management company + these higher taxes. I have some good friends looking to buy, it seems like the right move?

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It’s likely far more valuable as a duplex than as two individual units.

It may also be a pain to split up the deed.

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You’re totally right, and thank you for the level headed encouragement, I needed it!

I’m hoping these last 2 major projects are the last 2 then this can be more of a passive situation for 10ish years. I appreciate you talking this through, it really helped me realize that I have a lot to lose and I’m in a very lucky position right now.

Why sell one unit. Sell the whole house at that point.

If you were to move out of the second side, would the property cashflow based on your current mortgage? If so, by how much? How does what you’ve been paying monthly for the mortgage compare to rent values in the area?

I get that you would still need to live somewhere, but if the duplex cashflows nicely with both sides occupied, perhaps renting a room or apartment for the next 6 to 24 months might get you back on your feet financially.

Kindly send me a dm

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