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31 October 2024 | 2 replies
There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.
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31 October 2024 | 11 replies
After 6 months my goal is to start looking and purchase my first LTR or MTR property (3-4 multiunit or duplex) I am located in South Elgin, IL about an hour west of Chicago.
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31 October 2024 | 10 replies
I've spotted a package deal for two duplexes right next door to each other.
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2 November 2024 | 8 replies
Also, Conventional and FHA allow for buying multifamily properties as your primary home, meaning you can buy a duplex, triplex, or 4-plex, live in one unit, and rent out the others.
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2 November 2024 | 8 replies
The numbers say my ultimate goal is to get about 11 duplexes in the 100-120k per door range in the next few years and then snowball the debt pay down.
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2 November 2024 | 20 replies
I have a long term tenant that has been renting my condo for the last 18 years.
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30 October 2024 | 7 replies
We are looking to purchase a duplex in the 100-200k range and want a CoC return of around 8-12%.
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2 November 2024 | 9 replies
I am also purchasing a duplex in Westland, MI which is a city near Detroit and close to the airport.
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31 October 2024 | 9 replies
I have a Duplex that's performing poorly in north salt lake.
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29 October 2024 | 0 replies
Purchase price: $99,000 Cash invested: $19,800 Sale price: $136,000 Upstairs/Downstairs split entry duplex in Cheney, WA, home of Eastern Washington University.