Updated about 5 years ago on . Most recent reply
Duplex house in Massachusetts
Hi everyone- I am new here BP community.
Here is my situation. I currently own a duplex that is worth over $900,000. Mortgage is paid off. I'm living upstairs and renting downstairs for $1700. My cash flow from the rental is around $1700 and that money cover the taxes, homeowner insurance, water and all my utilities. The market is crazy in my area - I am looking to maybe sell it and buy a triplex in a different town to generate more income and maybe a little extra money from selling the house. I guess the goal is for my wife to quit her full time job. I'm hoping by buying a triplex that will generate $3200 monthly. Is all this worth it ?