All Forum Posts by: Lance Brown

Hey Jessie, 

It seems like the duplex we are looking at is more of the like to live there but less cashflow side.  Both of the units have been renovated and in move-in condition.  We would want to stay there at least 5-6 years so as not to take as big of a hit with transaction costs, maybe up to 10 years.

Thank you for the input Joseph.  The problem that I am running into as far as finding a deal on a duplex is that multi-family units for sale in Huntsville seem to be pretty rare.  In fact, I believe this is one of 3-4 duplexes listed for sale in the entire city.  I don't know if this is common for a city of about 200k people. 

Hello,

I am new to purchasing real estate and am looking for some advice.  My partner and I currently rent an apartment for $1100 per month.  We save between 50-60% of our salary each year, and are working towards becoming financial independent through index investing in 10 years.  We are not looking to jump into real estate as a means of investment per se, but are looking for a way to offset some of our rent expense.  

We have looked into purchasing a duplex in the downtown area of Huntsville AL that we like, and plan to live in one side and rent out the other.  The listing is on the market for $270k, and one of the units is currently rented for $1200 per month.

I know this is not a really good deal in terms of strictly real estate investing, but would it make more sense to do this financially vs just continuing to rent?

Thanks for the help!  -Lance