All Forum Posts by: Jesse Hastings

Thanks for the reply!

I've been checking rental incomes and the range I have been estimating seems accurate enough. I think the low end would be 2k/month. At the end of that 1300 a month out of my pocket is still 400 more than i'm paying. So all in all do you think 515k is too much to spend? Seems super high to me but like I said the numbers seem to check out.

Four plex's seem nice but all in all from what I can tell I make about the same in rent for that price range. Rental income for a 4 plex that cost around 515 seems to be around 1200-1400 each.

You know how it is getting in your first house haha, just have to get the courage to pull the trigger.

J. Hastings

Good Evening All,

I'm pretty new to this forum but i've read up on quite a few posts... My question is should I wait or buy now ... I'm looking at duplex's in Anchorage AK. My wife and I are in the military and I am tired of wasting our housing allowance on renting. The problem is, most duplex's up here at the moment are going for $480k-530k. Thats kinda steep and a little discouraging for a new investor. The bright side is you can rent it out for $2k - 2.5k. pretty comfortably. We are using the VA loan so we don't have to worry about PMI but that also means we are putting 0 down.

Do you guys/gals think this is a trap and I should be careful or keep digging? The Cap rate if I was living in it looks to be around 6.7% and if I move out and rent both units it jumps up to 11.1%. The payment would be roughly $3.3k a month. They are newer duplexes so repair costs would be minimal and the house is still under warranty. 

Thank you for the advise!

J. Hastings