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Updated 12 months ago on . Most recent reply

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Robert-Lee Pass
33
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52
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So Ive got this Deal Right ... What do you think? Need Advice

Robert-Lee Pass
Posted

So there's this deal right , Class B new build in a growing new community with a k-5 school to boot. I was mainly focused on the Class A but they are 175K more for 2-300 sq ft + garages and only get 200$ more per rent per side (this is a 2023 duplex - No garages 3/2/0 1100sq ft per side. these are day 1 numbers with base case rents (rents on a class b are supportable by section 8 where as the other more expensive units would be too much for the same 3/2 .

So Ive ran about 40 properties so far maybe more and this is the first one where the numbers are looking DRAMATICALLY better than anything else . especially the top tier class a duplex in the same neighborhood. the cash to close is really skewing the returns.. anyways , what do you guys think?

This is my first investment property beyond my primary residence.

I really think im having a problem evaluating property because i feel like its not somewhere i would love to live myself.. does that make sense? my current house fixtures , having a wife and 2 kids , a 3/2 1100 sq ft just seems rough. but there's more than just people like me in the world so i should forget all that right? that fear turns into vacancy fear. the vacancy rate in the neighborhood is 1.7 so i used 2 . if i go to 3 it turns coc to 27 and -25$ cashflow from shown

Overall goal is to hold forever, Cashlow at 66 and beyond with complete debt paydown , pass to kids when i die , they use the cashflow for their primary residences and beyond. (10 of these will do haha... but really)

  • Robert-Lee Pass
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