Updated over 3 years ago on . Most recent reply
Expenses on a duplex
I am 18 and will be buying a duplex to live in during college and rent out the other side. I have found one for $135,000 with separate water and electric meters. Outside of principal, interests, insurance, down payment, and closing cost what other expenses should I plan to see when purchasing the house?
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When purchasing a house that looks about it. Just have reserves for once you are actually in the house in case things come up. Be prepared to save a certain percentage to Maintenance, Cap ex, and vacancy. Even if you have to attribute to those categories with your own money. Congrats that super exciting tho.