All Forum Posts by: Mitchlyn D.

There is a duplex for sale in my area.  The asking price is $99,000 but the assessed value is $45,058.  It comes with 2 units that are 2 bedroom and 1 bath.  Let me just add, it is about 2 streets away from a housing project. 

Nonetheless, using the rental property calculator, it seems to have a pretty good cash flow. Of course, I would need to take a step further and look at the actual financials from the seller.  

My question is, if something is on the Market that long(465 days), could that indicate it is a terrible purchase?

Hi, 

My name is Mitch. I've been doing my research and online self education for real estate investments for about a month.  One thing I've learned from my 9 years of military service is that teamwork is imperative to success.  I would love to reach out to anybody willing to provide mentorship specifically in multi family homes for monthly cash flow.

I've attended some local JAX REIA meetings and look forward to attending more in the future.

Mitch

Definitely good to know. Great question and answers.

Did you request a loan from that company? If not then it seems kind of suspect and I wouldn't trust it. Just do your research on it before making an informed decision.

Hi Alex, 

We both have similar goals and face the same financial funding challenges. I look forward to hearing how you resolve this issue and will share my progress as well. Good luck!