Duplex Due Dilligence

[Elliot Jones]

I'm in Baltimore, MD and I'm looking at getting a 2-4plex as a first multi unit property. I really want to do this right and I'm not sure of all the things I should look into before deciding to pull the trigger. Anyone with insight would be super helpful.

[David Michael]

Hello Elliot Jones !

Depending on the market your in the numbers could be different. The most basic way I do it is as follows:

I anticipate 5% rental income. Plus a 5% appreciation. This works for me in my market of Northern Jersey. I also alter the numbers slightly because the market is a little expensive. I am a firm believer that there is always a good deal regardless of the market. You just have to do your due diligence.

Let me know if you have any more questions.