$190K-$200K Duplexes...How are you making money?
Almost every duplex I see for sale in the far northeast has been in this range. When I run the numbers, they always come out with negative cash flow. How are people making these work?
I have checked my proposed rents in Rent-o-Meter and even when I push the ceiling, I still come out with a negative monthly cash flow...
Are these properties just over priced? I know my spreadsheet works so this just sounds crazy to me. Thoughts? Experiences?