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re: Duplex as Investment Property?
Posted on 7/15/14 at 10:50 pm to thelsutigers
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...
1
Posted on 7/16/14 at 10:56 am to RadTiger
Sales price is $165,000. I will put down 10%. Finance around $150,000.
Insurance was included in the mortgage price. Being empty is not really a problem around Texas Tech. If even one side is rented is almost pays the mortgage alone.
For the most part there is no yard. What yard there is, I will probably install artificial turf.
I am a general contractor and can effectively take care of some of the maintenance issues or know subcontractors that would do it at a discounted rate, especially if they want other work.
Insurance was included in the mortgage price. Being empty is not really a problem around Texas Tech. If even one side is rented is almost pays the mortgage alone.
For the most part there is no yard. What yard there is, I will probably install artificial turf.
I am a general contractor and can effectively take care of some of the maintenance issues or know subcontractors that would do it at a discounted rate, especially if they want other work.
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