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re: Duplex as Investment Property?
Posted on 7/15/14 at 10:18 pm to eng08
Posted on 7/15/14 at 10:18 pm to eng08
quote:
You should live in one side and rent the other to figure out if you want to be a landlord or not.
I thought about that too. One lease is up in October. It's mainly college kids moving in or medical personnel working at the hospitals. I will probably make an offer this week sometime.
1
Posted on 7/15/14 at 10:50 pm to thelsutigers
Without knowing the purchase price and just basing it off your numbers given this will most likely be a negative cash flow property.
You have to factor in vacancy rates, maintenance cost, yard maintenance, property management, insurance etc...
You have to factor in vacancy rates, maintenance cost, yard maintenance, property management, insurance etc...
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