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Updated about 4 years ago on . Most recent reply

User Stats

401
Posts
86
Votes
Ari Hadar
  • Investor
86
Votes |
401
Posts

Is a duplex without garage so bad?

Ari Hadar
  • Investor
Posted

I am examining a renovated duplex in c neibourhoods in Cleveland in West Boulevard and Stockyards fir averages of 60-70k but both don't have a garage and one don't have a cooling system... 

How bad it can be for the rent, resell price and finding tenants that one car block the other but you can park in yhe street.. 

Most Popular Reply

User Stats

401
Posts
86
Votes
Ari Hadar
  • Investor
86
Votes |
401
Posts
Ari Hadar
  • Investor
Replied
Originally posted by @Jonathan Pflueger:

@Ari Hadar

Who cares about the garages and parking if the numbers are good! It’s all about the numbers. Anyplace will rent and quick for the right amount.

Know your criteria like the back of your hand and stick to it. Just deduct from the offer price until you are satisfied and if the offer is not accepted you still win. An accepted offer on a bad deal is a dud through and through.

Good remark.I must deduct all the deficiencies and keep my criteria like above 12% coc and above 100$ per unit but i must take into account the desirability and prospects to resell the property. 

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