Updated over 5 years ago on . Most recent reply
New multifamily investor
Hello everyone!!! I am new to Bigger Pockets. I live in Melbourne FL and am looking at a new build duplex. It is around 600K (2 - 3/2 units) and monthly rent will be around 2200 per unit. Area is growing and property seems to be appreciating. It seems that it will cash flow monthly and appreciate but doesn't pass the 1 or 2% rule. New to multifamily real estate investing and don't need immediate cash flow, but don't want to make a dumb decision. Please help and share thoughts!!! Also, any general thoughts on Palm Bay/Melbourne FL area. thanks