Seeking advice. There's a duplex for sale, but the seller is not motivated to sell below market value. If we pay market value, we will still cash flow $300/door. Both units have renters; one that's been there 3 years and one that been there 14 mo.
is it still a "good deal" if we're paying market value?. We'd cash flow but wouldnt have a big equity cushion.
Rental Property Investor · Columbia, MD · Member since 2019 · 10 posts · 1 vote
7y
@Leigh Jones
Never say never....it’s completely dependent on your financial situation though. If you are sufficiently liquid that you can keep that amount of cash tied up in one property, kudos to you. If it will hold you back from making additional deals, then you’re incurring a significant opportunity cost by locking that cash into this property.