NEW Investor looking at duplex

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NEW Investor looking at duplex

Hamilton Chen
Corona, CA · Member since 2016 · 11 posts · 8 votes

Hi, I'm a new investor looking for a class B or C duplex that cash flows.

What are some good markets to look at? Looking to starting investing ASAP.  My budget is around 200-300k

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David Ginn
Real Estate Consultant · Houston, TX · Member since 2020 · 206 posts · 944 votes
6y

@Don Alder-LaRue

Houston is crazy now. The ground is hot there. Making 12% interest and 3.75 points as an investor.

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  • Joseph Bafia
    Investor · Raleigh, NC · Member since 2019 · 314 posts · 280 votes
    6y

    @Andrew McKinnon Let us know if you need any more insight.  My son @Antonio Bafia is the one who is doing the High Point renovation and has studied that market well (knowing areas is a big must as the A/B/C/D lines blur quite a bit. 

    2Reply
  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    6y

    Kansas City ;)

    0Reply
  • Sam Mall
    Member since 2020 · 2 posts · 0 votes
    6y

    Great! Thanks, @David Ginn

    0Reply
  • Alyssa Dyer
    Rental Property Investor · Oklahoma City, OK · Member since 2017 · 1k+ posts · 694 votes
    6y
    Originally posted by @Jeff S.:

    @Alyssa Dyer 8% sounds good. Why are the cap rates so high? Can you give an example of a property with an 8% cap? 

    Sure! Normally I'd link to one of my case studies but I think BP might flag me if I do, haha.

    Generally you're looking at these numbers.

    Price: $80,000 - $100,000 
    Rent: $825 - $1,050
    Taxes: 1.0%
    Insurance: .9% - 1.2%
    Management: 10% 
    Maintenance: 3% - 10% 
    Vacancy: 5%

    Let me know if you want more specifics or anything.

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