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 about 6 years ago,

Account Closed
  • Detroit, MI
1
Votes |
7
Posts

Is this a good deal?

Account Closed
  • Detroit, MI
Posted

Hi everyone!

I’m new to this forum but I started listening to eBooks and BiggerPockets podcasts. I want to ensure the deals below are in fact, good deals since this will be my first investment. I can’t seem to understand the 50% rule if I decided to put only 5% down or if I do the 1% rule. I want to ensure I don’t do the wrong thing  

Deal 1: Duplex selling at 150k in a stable community with rentals bringing in 750-800 a month per unit. Each unit is two bed and one bath with updated kitchen. Overall property is well maintained. 

 Deal 2: single family bungalow in a very hot area for 220k. Master suite upstairs and each bedroom can rent for 700 each and master can probably get 850. 

Can you guys help me understand if these are good deals? Not sure when it’s good to put 5% or 20%. I have enough to do both but I also want cash on hand. 

Thank you!

Loading replies...