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Updated almost 9 years ago on . Most recent reply
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How to make nicer Duplexs work
I have been researching some nicer Duplex deals and the ones I come across are listing for 160k+ when the rent is only bringing in $1500/month. There just doesnt seem to be enough meat on the bone in deals like this but it that typical for nicer duplex units? Does it have to do with the fact they are nicer units and dont require so much repairs.
I usually do pre numbers by the 50% rule. That leaves me $750 for my loan and cashflow and thats with a good size downpayment. Any experience would help. Maybe they are just not good deals and I need to wait. All of the other duplex units I am running into are in very questionable neighborhoods. I have a tenant that wants to rent from me but want it to be in a decent neighborhood. Thanks in advance.