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Updated almost 7 years ago on . Most recent reply

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18
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1
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Geovanni Heredia
  • Rental Property Investor
  • Rhode Island
1
Votes |
18
Posts

Is Duplex worth it even if your not cash following?

Geovanni Heredia
  • Rental Property Investor
  • Rhode Island
Posted

Hi I am a first time buyer with hopes of becoming a buy and hold investor in the future and I am contemplating making an offer on a Duplex that fits all my needs as a family man but from the numbers I ran it won't cash flow (while I live there). The tenant's rent will cover most of the mortgage but not all leaving me coming out of pocket about 400$. I am currently renting for $1000 so I would be saving 600$ a month. Some advice please !! 

Thanks in advance !! :) 

Most Popular Reply

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161
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130
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Ron Fletcher
  • Leclaire, IA
130
Votes |
161
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Ron Fletcher
  • Leclaire, IA
Replied

I would run the numbers as if both sides were rented( you being one of the renters) and if the numbers work, do it.

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