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,

User Stats

40
Posts
16
Votes
Nick Murray
  • Rental Property Investor
  • Bel Air, MD
16
Votes |
40
Posts

New Investor - Looking to buy a Duplex or Triplex

Nick Murray
  • Rental Property Investor
  • Bel Air, MD
Posted

After watching last nights webinar I decided multifamily housing would be my niche. Once I finished the webinar I went right to Realtor and found a TriPlex near me with 8 Bedrooms and 3 baths for $160k similar price to the example that was showcased. The monthly cashflow using Biggerpockets tool is $1,831.47 with a 62.79% cash on cash ROI. The house has also been listed for 250+ days meaning I could probably offer a decent amount less.

Since I'm new this really doesn't mean much to me (i dont know what im doing) and I'm not sure if I estimated everything right because this seems like a too good to be true deal, especially since it was the first house I clicked on haha.

How would I be sure to get more accurate numbers and make sure I'm calculating all this correctly? Rent prices, Repairs, etc. Or is this mostly just a rough estimate to see if you should look into it further?   I know actually going to the property and looking at it is probably the best choice since the pictures don't really show much of the inside condition, but I wouldn't know what I'm actually looking for.

Loading replies...