Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes

need some advice, keep looking for duplex to HH or single rental?

Mario E gonzalez
Posted

hello everyone,

i have been looking for duplexes in philly area and put in many offers in the last 3 months but got beat out by cash buyers. it's been 2 years total since I have been looking, wondering if I should invest in a single-family property but have some concerns on which method is best for long term growth & value.

little about what I am looking for, duplex 2+2 in a C+ area that can rent for 1k to 1200, price under 315k using 10-15% down and requires little renovation if needed. Will be using 7% vacancy, 6% for each repair and CAPEX. I will not need a PM as I could handle this one to start on my own. Using 70k cash, pre-approved, and 800 Credit score, I hope to achieve the goal of getting $150-200 per door after house hacking one year after living in the property.

or i can invest in a single-family unit under 250k with 20% down and hiring a PM, not sure how much i can profit after taking into effect all the expenses.  Can anyone give me some advice or feedback? i have read every real estate investing book out there as well and little confuse on which is the best method. 

base of

Loading replies...