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All Forum Posts by: Jeremy L Moskal

Jeremy L Moskal has started 1 posts and replied 2 times.

Honestly thank everyone so much! As this was my first post I didn't expect too much but there is so much awesome information here! The podcast always mentions on how great and helpful the community is but to see it first hand is really cool. I walked the Duplex on Monday. It's a very strange "drop off" in that the area going up to the house is gorgeous and then you hit the block where the house it and it's very run down, single dirt road heading in and out, and house itself is pretty beat up. I look at the triplex Friday. If I can even do 700 a month per unit it raises the CoC RoI to 32.3% and around 1k cash flow, and meets the 1% rule (comes in at 1.3%). Im obviously terrified as it's going to be our first investment property and first time being landlords, but all the numbers seem to make sense. Just gotta get over the hump of the first deal! Thank you all so much!

I am looking at 2 different MFH in my area to purchase for my first investment property.  But I'm having trouble with the huge discrepancy in rent prices to judge them on. The first is a triplex which Rentometer says should rent at 800 per unit. However, they are currently renting at 500 per unit. The second is a duplex which rentometer has at 1100 per unit, but are renting at 750. I've looked on zillow and the cheapest 2 bed 1 bath(which is what the Triplex is) is 750, and the cheapest 3 bed 1 bath(duplex) is 900. Is this a case of landlords just not keeping up with rent inflation or am I missing something as a new investor? Any advice welcome! Thank you!