Updated about 6 years ago on . Most recent reply
Brand new triplex.. invest or avoid?
Hello BP community, I caught wind of a brand new triplex that's not completed yet (should be in 20-30 days). It's listed at 199k. I'm thinking I would offer 210-215k. After accounting 30% towards vacancy/property mgmt/capex/repairs&maintenance, plus a quick assumption without having received numbers from my lender yet (although have received numbers in the past so have a good idea what the other expenses would be), it looks like I could potentially cashflow $201/mo with each door being $650/mo. It would be $43k down not including closing costs (approx 4-5k). Does this seem like a wise investment? I do not own any properties at this time. Thank you in advance for any input!