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Updated over 10 years ago,

User Stats

95
Posts
65
Votes
Stephanie W.
  • Rental Property Investor
  • Roanoke, VA
65
Votes |
95
Posts

Turn Key Duplexes: A viable exit strategy for a flip?

Stephanie W.
  • Rental Property Investor
  • Roanoke, VA
Posted

I am testing the waters to see if BP members think that I would have any trouble selling a duplex, in a small town, completely renovated with brand new, quality Section 8 elderly tenants in place.  I don't know how well turn key multifamily properties sell. Are they in demand or should I just rehab and try to sell vacant? I'm new at flipping, I've been a buy and hold girl for years, and I thought if I found a good enough deal on a duplex, this strategy might work as a consistent marketing strategy. Rehab would be high enough quality that no cap x would be needed for years, and I would only buy in good areas, close to town center in communities that had dire need of this type of low income housing. Is this a business model that could work?