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Updated over 5 years ago on . Most recent reply

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16
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Lakota Tidd
3
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16
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First duplex continued

Lakota Tidd
Posted

A few months ago I let everyone know that I closed my first duplex in Grand Rapids MI. they wanted 145k for it and I ended up getting it for $135,051. I had problems with the top tenant so after awhile we evicted them. They were paying $650\month. I replaced carpeting and painted the whole 2 bed 1 bath unit. CLeaned the entire place. 

My goal was to get 1200/month out of the unit. no one thought it was a good idea and didn’t think it was possible. As of last week Friday I was able to get my $1200 goal. Awesome! 

Now my bottom unit tenants will be moving out here shortly. They are paying $850. Same plan except I will get $1300\ month. Steep goal but now I know the process now. Anyways my first duplex will bring in a gross of $2500\month with expenses being around $800.  I’m having a lot of fun and learning what a lot of you guys already have been through! Any more tips or tricks? I’m here to learn and take action, thanks. 


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