I’m closing on my second deal, a duplex that’s going to take about 9-12 months to comeplete (I’m doing the work with some sub contractors but mostly myself) at this point after that is done, I will be out of money, even before it’s finished I’ll have to raise some capital to finish it, but it should cash flow conservatively $600 a month.

Purchase price: $190,000 Cash invested: $34,000 Triplex, ranch style.

It would cash flow nicely.One item to plan for from the beginning is the exit. 

I want to go the buy-and-hold route, and I am interested in finding a duplex that will provide a steady cash flow, a high appreciation value and does not need renovations.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

Then you have to buy a 1031 worth $350k or more (your portion of the sold property.) the fact that you only got $150k in “cash” means nothing.

Earning potential and cash flow seems like it would be easier to obtain if the numbers are right.

Purchase price: $330,000 Cash invested: $11,000 Sale price: $355,000 Fix and Flip

Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.