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!!
@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...
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