Making a decision on a duplex property

1 Reply

Hello BP,

My family and I are looking to invest in a duplex and house hack. We have been watching the market for quite a while and there are very few "no brainer" houses to look at. We have found one for 150K, and I am estimating 1600/mo in revenue (split utilities). The home is in turn key shape. I am struggling because this probably is not the best "investment" home, but it is one the family will be comfortable in. I am one to analyze things to the max, so the other part of me says that the only way to be successful in rental properties is to just get started! Looking to get some of your feedback.. Is it worth making the dive in, or waiting in the weeds until this market calms down!!

Thank you,

Jesse

@Jesse Lentz , family = emotional decision making = less than optimal investing.

But, you already knew that. 

As for the economy, your guess is likely to be as good as anyone's.

Surely you've seen homes that aren't turnkey? [But family, not interested?]

You said "there are very few no brainers". But, you only need one!

So, if you already let any of those go, then yes, you have analysis paralysis.

This one is not a "no brainer", right? That should be your answer! Good luck...

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here