Duplex-my first analysis that looks worth anything

[Alison Koenig]

I don't plan on buying this property, I'm working on my analysis skills, so if anyone in Norwalk, CT likes it, go for it! That being said, IF I was ready I'd be jumping on this and I want some feedback on it, especially if I'm an idiot for even thinking it's a great deal. I want to learn as much as I can right now. TIA!

Realtor.com listing: 

http://www.realtor.com/realestateandhomes-detail/19-Harriet-St_Norwalk_CT_06851_M30754-01878

BP BRRRR analysis:

https://www.biggerpockets.com/calculators/shared/538964/d388c5c2-d964-4154-bf7a-375858f859c8

[Tamara Elliott-Deering]

First a caveat, I am not a buy and hold investor and I look at the cash flow after the mortgage is paid not the cash flow after expenses and to my way of thinking $55 a month return for an investment of $63,000 doesn't make sense to me, that works out to an interest rate of about 1% in the early years. Since I could get that for no risk at a bank it's not an attractive use of my money. With the numbers presented I would use the 63k to buy into a flip, but I'm a flipper at heart. 

The secret to all investing is to figure out what your goals are and what they look like not what someone else says they should be. For me right now 63k is a lot but maybe it's not for you and you can afford to wait to get your returns, if so this could be a great deal. Unfortunately or fortunately, no one can answer that question for you but you. 

You're doing great. Keep working on the analysis and get to the point where you truly understand what the numbers mean both on their own and to your situation and you will do great.