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Updated over 8 years ago,
Advice need in investing in duplex - Houston TX
Hello BP members,
I am thinking of buying a duplex about $120K. CF is about $800/month so awesome right for that a property that low. However, it's not in the best area. Appreciation is not great as I have seen the same property sold in 2007 (9 years ago) for $110K. Almost 9 years and the duplex has increased only $10K in value.
Would you do this deal? I have seen bad experience with Section 8 tenants from my friends properties so I won't allow Section 8. I have been blessed with perfect tenants for the last 10 years of being landlord so I am not sure what to expect if I enter into this type of property. Great CF, not much appreciation and not A type tenants.
Looking forward to hear your feedbacks.