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Updated almost 5 years ago on . Most recent reply

User Stats

12
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2
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Travis Carter
  • Binghamton, NY
2
Votes |
12
Posts

Duplex and triplex advice

Travis Carter
  • Binghamton, NY
Posted

I'm just starting out and I've come across 2 properties one a duplex and one a triplex. Running the numbers throughly with differing percentages and amounts of realistic expenses and incomes I've come up with a pretty consistent number on both and they both seem to be home runs in the CoC ROI department and the monthly cash flow comes to $700 for the duplex and $1,100 for the triplex (both low end estimates)

I’m wondering if it’s smart to try to acquire both for my first investment(s) both are less than $60,000 mortgages and I know I could get approved for both loans but is it smart to get both now or should I just focus on one and if the other one is there when the first is established try and get it then?

I’ve also got friends renting on the same street as both and have based some estimates on their lease agreements.

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