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Updated over 3 years ago on . Most recent reply

User Stats

8
Posts
5
Votes
Dave Smith
  • Homeowner
  • South of Boston
5
Votes |
8
Posts

Duplex house in Massachusetts

Dave Smith
  • Homeowner
  • South of Boston
Posted

Hi everyone- I am new here BP community. 

Here is my situation. I currently own a duplex that is worth over $900,000. Mortgage is paid off. I'm living upstairs and renting downstairs for $1700. My cash flow from the rental is around $1700 and that money cover the taxes, homeowner insurance, water and all my utilities. The market is crazy in my area - I am looking to maybe sell it and buy a triplex in a different town to generate more income and maybe a little extra money from selling the house. I guess the goal is for my wife to quit her full time job. I'm hoping by buying a triplex that will generate $3200 monthly. Is all this worth it ? 

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