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Updated over 7 years ago on . Most recent reply

User Stats

42
Posts
9
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Chris Kraemer
  • Midlothian, TX
9
Votes |
42
Posts

Ok to pay market price for duplex that casflows?

Chris Kraemer
  • Midlothian, TX
Posted
Newbie question: looking to buy a duplex...is there any problem paying the market price (vs trying to find one below) as long as it cashflows?

Most Popular Reply

User Stats

4,876
Posts
2,466
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
2,466
Votes |
4,876
Posts
Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

Chris, if the duplex is a good deal, it's a good deal. Use a bit of caution. Whenever I analyze a duplex the numbers just don't work out, because the costs can only be split across 2 units (e.g. cutting the lawn costs the same if the property has 2 units or 4). 

Maybe you found a winner. Post the details, we'll take a look at the numbers and tell you what we think.

  • Jaysen Medhurst
  • Loading replies...