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Updated almost 8 years ago,

User Stats

23
Posts
15
Votes
Daniel Dow
  • Indianapolis, IN
15
Votes |
23
Posts

Would you rather buy...

Daniel Dow
  • Indianapolis, IN
Posted

I've been looking at duplexes recently and came across two in my area that I might be interested in. They both have the same asking price, and both have roughly the same rents, and cash flow numbers look good for both. Here are the differences:

Duplex #1:

  • Traditional financing at 20% down
  • $5K of rehab total to be rent ready, $5K more over the first year or so
  • Safe but stable lower income neighborhood.

Duplex #2

  • Seller Financing available with 1% down
  • $10K rehab on both sides tor both sides at least. 
  • Rather bad (but not worst) neighborhood. 

Which do you see as the better deal, and why? Both? Neither? Thanks for your input in advance.

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