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Updated over 3 years ago on . Most recent reply

User Stats

8
Posts
7
Votes
Ivette Bravo
  • Real Estate Agent
  • Fort Worth, TX
7
Votes |
8
Posts

Duplex, Tri-plex, Quads

Ivette Bravo
  • Real Estate Agent
  • Fort Worth, TX
Posted

How are you finding properties in your area? 

Hi all, I am an agent and investor in Dallas, looking for my first house hack (who isn't right? haha). I see people buying left and right - however when I "work out the numbers" considering income (rents) minus - mortgage, taxes, insurance, vacancy (5%), maintenance (5%), cap x (5%), and sometimes PMI the properties just do not cash flow and sometimes lose money every month.


I am not being over-conservative, I am not even considering management fees in my analysis, but I see so MANY people buying. Are they just taking the hit and losing money to just get in the real estate space? Do you think most people don't analyze correctly? What are your thoughts? 


Thank you, everyone!

Most Popular Reply

User Stats

29
Posts
24
Votes
Jacob V.
  • Realtor
  • Dallas, TX
24
Votes |
29
Posts
Jacob V.
  • Realtor
  • Dallas, TX
Replied

@Ivette Bravo From what I’ve seen it seems like most small multi family are harder to make work than a 4-bed single family. I know several people (including myself) that go the 4 bed (or convert a 3 bed to a 4) sfr route and rent the rooms for $500+/mo and it works out a little easier!

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