All Forum Posts by: Lan Huynh

Hello BP members,

I am a newbie trying to get my feet wet in RE investing. We have 2 single family rentals and trying to get my very first duplex. It is a 2 bedrooms /unit. Here are the basic numbers:

Asking Price: 158,000

Mortgage, Ins, Tax: 800/month

Estimated rent in my area: 1,400/month (for 2 units)

Down payment : 25% = 40,000

Is this a good investment? What am I missing? My last 2 previous single family rentals are paid in cash (I know it's not very smart). I am just nervous about leveraging and what if it does not work out like I expected.

I appreciate any input.

Thanks