It could be a good deal if you expect that kind of equity or future appreciation and it is a good and improving neighborhood.

I hope to purchase a multifamily in Reading or Easton PA outright, improve it, and use the income to pay off my student loans more quickly.  

Yes there is an adjustment for duplex when pricing the loan, please contact me as I can look at your title profile to see how is shown.Ben BaderIntercap Lending949-271-7009

When I opened your profile I saw that it was blocked.

It’s available for college tuition, for home improvement, for paying down a mortgage…Investors gain access to solid, appreciating homes –without tenants or management costs.

Never stop improving!

Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.

Closing costs and holding costs will devour the rehabber's gross profit.And a rehabber is going to demand title insurance before sinking $50k in improvements into this thing.I recommend you move on to the next one!

In low/no appreciation markets, you want higher cash on cash returns that will offset the lack of appreciation and so you can at least exit the market in 7-10 years if you need to without losing money or you will have been able to save some of the cash flow to make capital improvements and continue to hold the property.Also, you want to buy at a discount so that much of the equity margin you need to avoid selling costs eating up all your aggregate cash flows is captured at purchase (and perhaps some significant gain above that).

if you see @Anthony CharaCheck out his profile, he coaches apartments, probably the best training for moneyMaster lease options on apartments can be a way to enter the marketplaceYou need to be able to guarantee the owner on a master lease, and you have an option to purchase a later date based on the lower NOI or net operating incomeI would start an LLC and get partners, you do the work in partners fund the company