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Updated about 10 years ago on . Most recent reply
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Duplex or 8-plex
Greetings! I currently have one duplex and am saving for the next rental. Long term I am focused on getting passive cashflow. I like multifamily rentals, and am debating between saving the 25% down abo 15-20k for the next duplex ( 70-100k) hoping to get 300-500 cash flow a mo, rinse and repeat. Or I could save a bigger 25% down payment of about 60k (which would take longer)for an 8-plex which would cashflow 1800-2000 a month.
Would it be better long term to buy 4 duplexes, 2 4-plexes, or one 8-plex as my next move/moves?
Thank you in advance for your responses.
- Andrew Adam
Most Popular Reply
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I just wrote a Success Story about buying a 12 unit for under $1500 out of pocket with no partners.
With $60k in cash I could add 100+ units to my portfolio.
Learn to get creative and buy 4 duplexes and the 8plex.....and more of them!