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Updated over 7 years ago,
Averaging $500/door, scale up for lower margins or stay course
Hey BP Community,
I'm finishing up a rehab on a duplex and have another under contract. So far things have been going well; these are my second and third properties, and my primary residence is also a duplex. I believe I've discovered a profitable niche in my market (mid-range units outside of high density areas) and combined these units will average $500/door cash flow (this would also hold try if I rented out my unit in the owner occupied duplex). I would love to hear others thoughts on whether I should focus on this highly profitable market for a bit longer, or look to scale into a higher number of units/property for lower returns. The problem is that I live in a small college town in NH that has very limited inventory.
Thanks All!! :)
Jason