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Updated about 9 years ago on . Most recent reply
$190K-$200K Duplexes...How are you making money?
Almost every duplex I see for sale in the far northeast has been in this range. When I run the numbers, they always come out with negative cash flow. How are people making these work?
I have checked my proposed rents in Rent-o-Meter and even when I push the ceiling, I still come out with a negative monthly cash flow...
Are these properties just over priced? I know my spreadsheet works so this just sounds crazy to me. Thoughts? Experiences?
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- The Woodlands, TX
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#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
Originally posted by @Jordan M.:
Almost every duplex I see for sale in the far northeast has been in this range. When I run the numbers, they always come out with negative cash flow. How are people making these work?
I have checked my proposed rents in Rent-o-Meter and even when I push the ceiling, I still come out with a negative monthly cash flow...
Are these properties just over priced? I know my spreadsheet works so this just sounds crazy to me. Thoughts? Experiences?
1. Owner occupied ; live in one side rent out the other side
2. Anticipated price increase ; suffer negative monthly for anticipated appreciation
3. Purchase for cash
- Don Konipol
