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Updated over 8 years ago on . Most recent reply

User Stats

31
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8
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Sarah Kartsher
  • Accountant
  • Phoenix, AZ
8
Votes |
31
Posts

Stuck - First investment property

Sarah Kartsher
  • Accountant
  • Phoenix, AZ
Posted

Hello!

Does anyone have any helpful stories on how they have found their first investment property? I am searching for a duplex and currently planning on living in one unit and renting out the other. I am also pre-approved for a loan.

Lately I have been having some trouble finding good duplex opportunities. For the past few months I have been searching the MLS, driving around, wholesalers email me but within days the deals is already closing and I plan on going to a REIA meeting next month, but I have not found anything that meets my criteria. My Criteria: Currently seeking a property that is in a B or C neighborhood(not looking into specific neighborhoods), 1 or 2 bedroom units, duplex or triplex, under $175,000, with a net cash flow of $100 and ok with doing minor repairs...

Any tips for finding duplex deals in a competitive market??? Any feedback is appreciated!!!

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