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1 December 2024 | 3 replies
Exiting apartments sell for 175 to 500 a unit on the open market with 200 to 250 being kind of the median. and rents on the 200 a unit range about 1400 to 1800
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1 December 2024 | 2 replies
Quote from @Leo Alvarado: Hey guys, I am currently in the process of closing on a two unit duplex that I will be occupying while renting out the other unit.
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6 December 2024 | 27 replies
Even if the units you tour aren't the one you eventually buy, walking around the area and getting a feel for the property types will help you be a much more informed consumer when you are ready to pull the trigger.
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3 December 2024 | 51 replies
I can't remember the exact amount of Duplexes on the street when I drove down but they say there about 8 to 9 units unoccupied.
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3 December 2024 | 14 replies
My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.
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4 December 2024 | 15 replies
Living in one unit and renting out the other helps you scale quickly because you need a lower down payment for a primary residence.
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4 December 2024 | 4 replies
This would be like comping a SFH to a condo where you cannot rent the condo, you pay to rent the land for the condo, and you may need to move the condo unit.
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4 December 2024 | 8 replies
The warranty price will go up as the units are older.
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2 December 2024 | 10 replies
The median sale prices for 2-4 unit properties in these counties is $775K.
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2 December 2024 | 7 replies
Though I have not written it in to a lease(yet) I would at least have a clause that the unit maintain clear access thru the unit to windows, entry, etc.