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Updated almost 10 years ago,

User Stats

85
Posts
20
Votes
Joe Fornasiero
  • Investor
  • Brighton, MI
20
Votes |
85
Posts

New investor- 3 duplexes opportunity

Joe Fornasiero
  • Investor
  • Brighton, MI
Posted
I've recently found a potential opportunity to purchase 3 duplexes on 5 acres for $275,000. All homes are in good condition with long term tenants. The rents seem low all six units are renting out for $600 a month. The property cashflows around $500 a month when taking into account the 50% rule. I feel the rents could be higher but the units are in a somewhat rural area. I have the ability to partner up with an experienced investor on this. Im trying to determine if this may be too much being a new investor and if I should start off with something smaller. Any insight/experiences would be appreciated.

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