Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Multi-Family and Apartment Investing
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 over 7 years ago,

Account Closed
  • Portland, OR
0
Votes |
2
Posts

Need Guidance on a 2 unit Duplex in WA

Account Closed
  • Portland, OR
Posted
Hello Everyone! I'm new to biggerpockets and I'm here to seek for insights on a deal I'm working on. I'm a first time homeowner and the property is a 2 unit duplex in the state of Washington. I'm going to use all my money for downpayment and closing which leaves me with little reserves (around $500-$1000 the first month). The tenants seems to be late every month and the property will for sure need repairs on carpet and paint once vacant. Cash flow is good though. There's about $200-$300 in cash for reserves every other month. My only concern is...what happens if the tenant is late a month or two?! Then I'm going to have to come up with that chunk in mortgage. Mortgage will be around $2.3k and rent is approximately $2.6k. I'll be paying for water and sewer every other month. What do you all think about this? Any feedbacks or insights is greatly appreciated! Thanks, Lisa

Loading replies...