Buying a duplex at market price instead of below. Worth it?

[Brody Newcomb]

I’m in the process of buying my second property and I had always planned on buying properties under market value to increase the possible return on investment. I’ve come across a duplex for $140k that was fully renovated that I believe could be rented out for $1800 (900x2) on the low end possibly 2100 on the high end. There isn’t much room to fix up and increase the equity on this property but the price seems to be at a good place to get some cash flow. Is it okay to sometimes buy a property at market value and assume the only way it’ll be worth more is from possible appreciation?  Thanks for any thoughts you have. 

[Dan M.]

You don't say how much the taxes are but it looks to me like its a good deal on the surface. If you listen to the podcasts David Greene often talks about how he beat himself up over buying a property above market value at the time but fast forward x years and he made like 200,000 in appreciation and cash flow the whole time. If the numbers make sense buy it!