Hi guys I'm a newbie in Fort Lauderdale fl.

4 Replies

I would look at the rents in the area. See what similar units are going for. Knowing approximately what the mortgage will be will allow you to estimate cash flow. On the first duplex you may not make money but you can reduce your out of pocket monthly expense. Taking the money you save with the lower payment can speed up how long it takes to get enough money for the down payment on the next place. That second duplex is when you can more than likely start to have positive cash flow. At least that is how it worked for me. 

Good luck.