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Updated about 6 years ago,
Looking to buy duplexes but numbers dont mash up???
Hi! So I'm pretty new to the game. I bought 2 small houses this year. I am trying to figure out how to negotiate down the price on duplexes in my area. I'm from Howard a suburb of Green Bay. The deal Im looking at is a 2 bed 1 bath per side. The DP is currently on the market for 194k. taxes $2624.00. Currently rented for 625 per side. The numbers arent even close to making sense for an investment. Howard has a very strong house market. How do you get these people to see that the price isnt realistic with the Cashflow equations. Its possible I could get both sides rented for 800 but Id rather stay conservative with whats in it currently. This seems to be the case for most of the duplexes in my area. Any ideas or thoughts would be greatly appreciated. Thank you :)