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Updated over 8 years ago on . Most recent reply

User Stats

23
Posts
7
Votes
Adam Gott
  • Pocatello, ID
7
Votes |
23
Posts

Just bought a duplex! My second rental building in 5 months!

Adam Gott
  • Pocatello, ID
Posted

I bought a fourplex in May (thanks to all of the great advice in these forums) and am finally starting to turn a nice profit after a few months of getting rid of crappy renters.  I think the bug has bit because I just purchased a much nicer duplex yesterday and am already planning out my next purchase.

The fourplex meets the '1.2%' rule and the duplex is, for now, just over 1% (rent/price paid).  The duplex is under-leased but it's a couple of old people and they have been there for ten years so we decided to just let them continue on.

Thanks again for answering all of my questions either direclty or indirectly.

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