I am looking a the following triplex (View report) and trying to determine if its a good purchase (conventional).
My biggest hangups are the age of the house and the fact that the utilities are included in the rent which I would change to have the tenants pay directly after the initial lease is up.
Thanks for the help!
*This link comes directly from our calculators, based on information input by the member who posted.
Not unless there's some value add opportunity along with sticking utilities to the tenants. It would take you over 9 years to make back your down payment and actually start profiting with that current cash flow. I always look to buy rental properties using the BRRR strategy so that I can pull at least some of my money back out.
@Martin Lindsay appreciate the insight!
@Maurice Blackledge - I do agree with Martin Lindsay. For me, I always want to get at least $200 cash flow per door.
Porter's Property, LLC