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Updated about 4 years ago on . Most recent reply

Vasilii Baban's profile image
Vasilii Baban's profile image
Vasilii Baban
  • Rental Property Investor
  • from Woodbridge, VA (Woodbridge)
  • Member since Jan 18, 2021
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Vasilii Baban's profile image
Vasilii Baban's profile image
Vasilii Baban
  • Rental Property Investor
  • from Woodbridge, VA (Woodbridge)
  • Member since Jan 18, 2021
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Vasilii Baban
  • Rental Property Investor
  • Woodbridge, VA (Woodbridge)
13
Votes |
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Real Estate Agent

Starting with a duplex

Vasilii Baban
  • Rental Property Investor
  • Woodbridge, VA (Woodbridge)
Posted

I am planning to start,and as i have learned from many investors it seems to be better buying a duplex and live in one of the units,but with the rates that i can get approved and the prices in my market doesn’t seem to be at all a Positive cash flowing first deal,that scares me,where should i look to understand better how to make a positive start of the journey?

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Joshua D.'s profile image
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Joshua D.
  • Investor
  • from Columbus, MT
  • Member since Oct 10, 2013
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Joshua D.'s profile image
Joshua D.'s profile image
Joshua D.
  • Investor
  • from Columbus, MT
  • Member since Oct 10, 2013
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Joshua D.
  • Investor
  • Columbus, MT
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Joshua D.
  • Investor
  • Columbus, MT
Replied

@Vasilii Baban

On Our first duplex our mortgage was $710 and the rent from the other 1/2 side was $375...

That was 7 years ago. Now the place rents for $1200 a month and the mortgage was paid off in 4 years.

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