1/2 Duplex
How in the world do you buy 1/2 of a duplex? I found a duplex for sale and thought it sounded like a good price, the reason for that is; the owner only wants to sell one side of the duplex. How does this work? How do you get a loan, insurance, and pay taxes on 1/2 of a property?
This sounds more of a purchase of a condo. I know someone who bought 1/2 of a duplex, but legally it is a condo.
I believe the owner of the building was able to rezone the building and was able to sell each unit seperately.