How Cheap Is Too Cheap?
Hi Everyone,
I've read several comments lately where people express intense concern for properties listed for under $100,000. My question is, aren't there some markets out there (especially Midwest) where it's perfectly possible to find a suitable duplex for $60-100k? Is it always a red flag across the board when a duplex is listed for under $100k?
If anyone reading has had success building their portfolio with duplexes in this price range, I'd love to hear about it. I understand that properties in this price range that rent for around $600/side may attract lower quality tenants, but I am intrigued by the more affordable down payment and the fact that the cash flow makes it possible to recoup my initial investment in 3 years or less.