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Updated about 1 year ago on . Most recent reply
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How to Run rental costs on new Construction (duplex)
Wrapping up a new construction duplex right now. Torn between selling and keeping. Want to keep it, but when I account for all expenses the cash flow is really rough. My question is...how much should I allocate/factor in for Cap x and monthly maintenance on a new construction? Lessening those %s obviously greatly helps my monthly numbers but I don't want to run them too low. I plan on doing a 1031 in a a few years so in all likelihood I wont be addressing any of the bigger ticket items. Hope that makes sense. Thanks!
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Hi Charlie! You can sell a duplex for much more once it’s cash flowing, have you considered renting it, holding it for a year or so, then listing?