Indy SFHs vs Duplexes

[Travis Washington]

Ok, rapid fire time (think this shall be fun). SFHs or Duplexes in the Indy market, your preferences and why. GO!

[Shawn Holsapple]

Oh yes, Indy duplexes are fun!

On paper they DO look so sexy...but after a few months of owning one comes to realize that they are mostly money pits [IMHO].

I owned 22 doors at one point a few years ago.  All turn of the century built and [I thought] in decent shape.

Just the age alone of the structure can be a maintenance nightmare.  Then add in tenants that just flat don't care and the frequent vandalism - you've got a trip to the ER just waiting.

In addition, you will only be able to sell to another investor.  Unlike @Brandon Turner, no one actually "lives in one side and rents the other" here in the Midwest.

I eventually sold them all and have now a nice portfolio of SFH homes. Nothing older than 1945 and less than $700 rent for me.

Of course there are exceptions but overall, Indy duplexes can be a "challenge".

This is just my free advice [and it's worth every penny].

I hope that helps.