Quote from @Thomas Corso:
Quote from @Bob S.:
Quote from @Thomas Corso:
duplex for 400k price, profit will be $3250 a month, cost $3100 a month. Is $150 cash flow worth it in anyone’s opinion?
150 a month, you're kidding, right? Why would anyone do that ? Easily can lose money each month,
Good luck
I would do it because I’m still gaining 17k a year in equity on principle payoff and safe to say 5% appreciation a year. Which is roughly another 10-20k. I believe those factors play a role.. especially for my 25k sitting in a bank account making nothing.
you hope it appreciates, its already inflated ( will most likely depreciate )like all of America, NOT a good strategy, You can easily go upside down each month, But what do I know :)
