Hello, I'm considering buying a duplex in Ft Wayne. I'm wondering what cap rate, COC return, IRR, etc I should try to get.Thanks.

@Frank Patalano If life was measured in ROI as Brandon Turner would say I would.

Rates are a measurement of risk for the lender and there are some people who cash out and stop paying the mortgage.

I know some people aiming Tampa and Orlando markets.

The description pointed to details of a sold comp and recommended the investor aim for a similar finish out as follows: “Your best comp is going to be 9104 Shawnee.

Hey Frank, The 40-year interest-only (IO) option serves those seeking increased cash flow or aiming to qualify a property for a debt service coverage ratio (DSCR) if the principal and interest payment isn't viable.

Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.

Interesting that you can know there's deferred maintenance on every property in Peoria without seeing them in person.I'm doing well, thanks, there's no house of cards that's about to fall and I'm not gonna get into a, er, manhood-measuring contest about numbers of properties.Like I said, you do you.Hope you have a great day.

I’d aim to strike a balance between headcount and guest comfort.

More units means more things could go wrong.So, while I agree with Greg, that if you are in growth mode and want to get to 100 or 200 or 1,000 units (although unit count is not the best measure of success) then more debt with longer amortization is going to help you get there faster.