1st Time Duplex Investor - Expense Load

[Will Morehead]

Hi All -

I'm looking into getting my first investment property (a duplex in St. Louis, MO that I'm going to live on one side), I'm struggling to have deals pencil and I want to make sure it's not my expense load causing the issue. I've attached a photo of what I currently have listed, certain revenue or expenses I'm missing would be awesome! 

Thanks for the help and love all the content on here already!

[Mackenzie Grate]

I'm not in St. Louis so I can't speak to the exact numbers. I do however think it's important to remember these are your starting numbers. The rents will go up over time and prices will fluctuate on the other items. Plus, once you move out eventually and replace it with a tenant it will most definitely cash flow. So it's not just about the first year, but about the long term benefits. I'd say go for it. Paying less in rent now and setting yourself up to have a cash flowing asset in the future is a total win/win.

Good luck and congratulations! I'm excited for you!