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All Forum Posts by: Cody W.

Cody W. has started 6 posts and replied 11 times.

@Matthew Reid

I would advise against. The ROI is appealing, but comes with a cost. My first duplex I put 20% down and had a COC return of 45%. Money was great for awhile, but repairs added up with lower income tenants and collecting rent became an issue. I suppose if you screened your tenants extremely well and were ok with having a higher vacancy rate due to being more selective then you might be ok. I noticed most tenants did not care about the property and that led to more phone calls of things "broke" or not maintained. Ended up selling after 2 years. Looking for SFH or possibly another multi family in better neighborhood with a little lower ROI and less stress.