Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on .

User Stats

4
Posts
1
Votes
Nicole Jenkins
  • Rental Property Investor
  • Fort Worth TX (fort worth, tx)
1
Votes |
4
Posts

REI In Texas- comparing properties

Nicole Jenkins
  • Rental Property Investor
  • Fort Worth TX (fort worth, tx)
Posted

I'm analyzing deals and looking for some input from other investors: In a scenario where you are comparing 2 duplexes in different areas which would you prefer to purchase and why? I have several things I am considering but I want to get some outside perspective on things I may not be thinking about when comparing these. I am looking for if you were comparing these two what would make you lean one way or the other- ex. how much does the good vs not-so great school zone affect you when looking for quality tenants, vacancy rates, CapEx on a 2000 build vs 2017, etc. Also thinking of if we do have a dip in housing prices how would that most likely affect each considering the quality and price point of each. Any advice is greatly appreciated!
-1st duplex asking price is $210,000, 2bed/2ba each and was built in 2000. Could use some updating cosmetically. In an OK area and pretty safe but the schools are rated between 2-3 on great schools. Each side is currently rented for $825 with current tenants in place, however, a duplex on the same street that is the same age and similar cosmetically rented for $950 recently. The taxes are higher in this area and it is closer to the city center- taxes are $4900 per year. This is in an area with mostly duplexes and apartments.
-2nd duplex asking price is $329,000. 3bed/2ba each and was built in 2017. Doesn't really need any work or updating to be rent ready and has tenants in currently. Each side is currently rented for $1425. This is more in the rural area but still has walmart/grocery stores etc. nearby and taxes are lower so taxes are very close to the same as the other at $5050. Schools are rated a 5-9 on great schools. In an area with some duplexes and lots of SFH. Thank you!