Paying full price for a duplex 200k+

[Nad V.]

Would you pay an appraised amount for a duplex as long as your making 1000 a month profit?

Someone told me they would not pay 200 plus on a duplex because there is no wiggle room. It would be hard to get rid of the property of it needed to be sold.

After research I realized that may be the reason why the duplex were on the market for 120 days plus.

Does this make sense in the prospective of investing?

Is there some truth behind this?

What are your thoughts? 

[Joel Owens]

Your post doesn't make sense.

1,000 profit a month based on what projections??

Everyone runs different numbers relative to an investment when placing their capital. How you underwrite the performance of a property and how each investor does may be totally different.

An appraisal is just an OPINION of value and has nothing to do with the actual performance of a property going forward.

Someone living in one unit and getting the other unit to pay the mortgage or some of it will usually assign a different emotional and monetary value than an investment only standpoint.

4 units tend to be better for break even occupancy. If you have a duplex and one unit goes vacant you are at 50% occupancy. If a 4 unit and 1 unit goes vacant you are at 75% occupancy.