First-Time Home Buyer
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Are there any duplexes in dfw?
Hello guys, I've posted several questions before regarding my first investment, which will take place in 6 to 12 moths, a little about myself , 30 years old discovered the possibility and power of financial freedom through realestate last year.
I've been listening to BP podcasts,reading books, studying all I can when I can, after finally talking to my wife and educating her on the subject
We wanted to get a duplex for our first investment, however I can't seem to find Any in this market, it seems everything is either too far from our jobs, we work close to each other, or the only option is to find a condo or an off market duplex, however I've been running numbers on almost every property I find using the four square method and calculators , accounting for management, maintenance, cap-ex, hoa if any, insurance , pmi
But I can't seem to find anything that cashflows
Using rentometer too get an estimate of rental pricing as well..
How are you guys cashflowing or finding or making these deals? Forced appreciation?
I can't seem to find many multifamily properties and when I do the pricing on them is exorbitant, recently found one in a bad area in Arlington TX, for 400k, I used to live in that area and believe me it's not worth 400k.
Any advice anyone can provide would be great, I've even gone as far as looking up county records to see if there are any liens on the properties I look at, to see if I can negotiate pricing.
Should.i get a sfh move out after a year and rent it ?
Thanks in advance