Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
![James M Fario's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2145374/1634814894-avatar-jamesm1466.jpg?twic=v1/output=image/cover=128x128&v=2)
Advice from more experienced members.
Hello everyone! Im going over a few deals this week. Still looking for that first purchase. I recently came across a property thats very interesting.
It is a duplex with 1 tenant, who has lived there for 15 years. And is paying approx $1600 a month in rent. And pay all of his own utilities. There is no HOA and its within an hour of a military base.
I will be using a VA loan with no money down. And the asking price is $240,000.
With what information i have gathered so far (waiting on agent to respond) and using the calculators here on BP. It would cash flow a negative amount of roughly $100 per month.
To me this seems like a no brainer. I buy and hold as intended. And after a year of owning it i qould be able to rent out the second unit. Therefore increasing the cash flow.
I know this is a rough estimate as more information is needed. But could i ask for advice, suggestions, questions i should ask or concerns i should have from all of the much more advanced members of the forum?
Most Popular Reply
![Jody Sperling's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1761438/1621515323-avatar-jodys18.jpg?twic=v1/output=image/crop=960x960@0x0/cover=128x128&v=2)
If you can get the duplex under contract, it's a great purchase. All you'd have to do to build a comfortable income is buy one duplex every year for five years that repeated the soundness of the one you're considering now and you'd have a monthly cash flow of $6,000 with a robust savings for repair and maintenance.
You'd also have somewhere in the neighborhood of a half-million-dollar net worth, and all this without considering other sources of income like a W-2 or working spouse. Best of luck!