Brand New duplex that I'm thinking about purchasing

[Dustin Rutschilling]

Just wanted a little feedback.  I bought a triplex from my family in September of last year...hope to have that paid off the summer of 2020....but I have a buddy who is just finishing up a brand new duplex he built...block foundation..siding 2 bed one bath...1100 sqft per unit.... everything new.....he wants 100 a sqft...so it would be 220000 for the place...he's going to rent it out a year before he sells it...he said hes hoping to get 650 a unit....1300 total per month for rent...my triplex will pay itself off with the rent going straight to my mortgage and me having to have cash at the end of the year to pay taxes and all the stuff ( which is no problem)....just wanted to see what everyone says about this duplex and if I should go after it....it's not even close using the 1 percent rule..thanks for your response

[Bjorn Ahlblad]

@Dustin Rutschilling welcome to BP! All the best with your triplex. You can learn a lot about investing here; lots of great threads, podcasts and blogs. I would not look seriously that duplex; investments pay you-you don't pay them. Especially in this high market don't buy anything that does not cash flow. At least that's what works for me.