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Updated almost 10 years ago on .

User Stats

65
Posts
12
Votes
Brian Holt
  • Mifflinburg, PA
12
Votes |
65
Posts

Pride of ownership?

Brian Holt
  • Mifflinburg, PA
Posted

Being new to the real estate investment world, I have a question for the seasoned rental property investors on bigger pockets. I have looked at several duplexes in my area and what I am finding is that I can get a duplex for as low as 45-50k that will bring in rents of 450-550 per side. Or, I can buy a duplex for 70-80k with rents of 600-700 per side. With the actual numbers I have run they all generally have cap rates between 9.5 and 10.

I have been really leaning toward the more expensive buildings because as you can guess they are in much nicer shape, more updated and I would be much happier showing units like that to prospective tenants. Obviously with the less expensive units I could buy more, quicker....but probably pay a more for maintenance. Thoughts from the group?