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Tribune News Service
Tribune News Service
Business
Jim Buchta

New — and old — strategies for cash-strapped home buyers

Housing prices have more doubled during the past decade, and mortgage rates have done the same in less than a year. So what's a cash-strapped home buyer to do?

Buy a duplex and use the rental income to help pay your mortgage.

Duplexes have long been a first step for first-time rental owners and those looking to increase their buying power because you can live in one unit and use the rent from the other to help qualify for a larger mortgage than you otherwise might.

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