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Updated almost 7 years ago on . Most recent reply
Looking for some help finding my first house/duplex
I am trying to get a duplex that I will live in and rent out. I want to stay under $115,000. I plan to do short term rental but I want the numbers for long term to make sense as a backup plan. I could get a slightly distressed property if there is a deal since I have capital for 5-10k in renovation.
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@Ethan Anderson I haven't really looked at it like that. I'll take anything I can get but I don't want to live in a war zone. I currently live out in the country in northern Indiana. So maybe any place in Indy is a war zone compared to that ;) But seriously, I'd try to keep to a location good enough that my Airbnb guests wouldn't feel uneasy.
I'm only looking on the MLS via Redfin. Any hints to see what you are seeing off market?
Also, maybe you were asking about how much cash flow I am looking for. As long as it flows a little I'm ok with that. My situation is time sensitive so I am ok with not getting a home run deal. It just can't be a negative cash flow deal.