Opinion on a Cash Flowing Rental

[Jason Fraley]

Hello everyone and good afternoon! Got a quick question, I have managed to find a small Duplex with two renter already occupied. My mortgage payment with 20% would be around $950 a month. The tenants are each paying $750 which equals $1,500 ($500 “Cash flow”) Everything seems great, what else should I be looking out for on the property before moving forward. Anything helps, thank you

[Casey Powers]

Any duplex, triplex, 4plex etc in Las Vegas is going to be old. Most have not been well maintained. There WILL be repairs needed. Often the repairs on these buildings eat up so much that they negative cash flow. If you are looking for positive cash flow, be wary of the small multis in Las Vegas.