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Updated over 3 years ago on . Most recent reply

Is this property a good deal?
I found this multifamily property in Phoenix Arizona that has 4 bedrooms and 4 bathrooms across 2 units, I ran the numbers on this deal while watching a Biggerpockets Webinar about how to start building wealth through real estate by David Greene, but I am still a little bit unsure about the numbers, and still don't know much about real estate, so, is this a good deal or a bad deal?


Most Popular Reply

A calculation is only as good as the data that is entered. That said, if your numbers are accurate, I would consider purchasing this property. Especially if it is in an area with Airbnb demand. If you are new to real estate then I would house hack the property. You could purchase that property for as little as $20k out of pocket.
My only issue with this is your ARV. How did you arrive at $425,000? If this property can have $75k added value from $5k repairs then I would absolutely consider buying this duplex.