All Forum Posts by: Antuan C.

@Mike Day

Thank you Mike, I agree with you cashflow is king. I don’t like to play the appreciation game.

However, in this environment is so hard to find a cash flowing property with 5% down. So I have been thinking on using the cashflow from the other properties to cover the negative cashflow until cashflow improve or until I can refi.

The property doesn’t require much work <8k. Roof and water heaters are brand new, property is about 15years old from the same owner.

Most duplexes in the area are running over 100k more

@Rick Albert

Thank you Rick, very insightful. I agree with you.

This would be my third duplex, the first one cashflows really well and the second just a few hundred bucks. I have noticed as time passes cashflow improves.

I also like to renovate immediately what’s is necessary so that it doesn’t give me headaches down the line.

@Dan H.

Thank you Dan, very insightful.

If I were to put 20% down, it would cashflow nicely, but it doesn’t with 5%.

I could put 25% down (which is what the lender requires as an investment property), but it’s a lot of money. I rather minimize my down payment and leave the rest in VTI until I can buy another one.

What do you think?

@Kevin Lee

It doesn’t. I have the inspection coming up this week, but roof is 2 years old. One unit is rented at market price and the other is vacant. It’s livable, but I plan to change to floor to vinyl. That plus a few broken blinds, a light painting coat and maybe some bathtub resurface. I estimate less than 8k.

Thanks for your input 🙏

@Rick Albert

I’m only factoring mortgage payment, insurance and taxes. I’m likely losing more as you said.

I’m not counting for tax benefits. That can definitely help me offset my w2.

Appreciation is strong. For example, I bought a duplex back in 2019 right before covid that has appreciated around $170,000 conservatively.

Thank you for your input 🙏

@Andrew Postell

Thank you so much for your insights.

In my case, I will only be spending a brief time in the other unit “I should be occupying”, I have to come a few times a year (its in a different state where I currently live). I have relatives that will stay there, and pay fair market rent.

Only counting mortgage payments, insurance and property taxes, I’ll be negative $300/month, probably more due to repairs and vacancy. However I’m only putting 5% down. If I were to put 20%, it would cashflow nicely, but in this environment with such high interest rate is hard to find a cash flowing multiplex with only 5%.

Roof is two years old, one unit is occupied already and the other unit ready to move in. I’ll just probably change the floor to vinyl and change a few blinds and do a bathtub resurface. That will cost me less than 8k.

What do you think?

@Mike Day

100% agree with you, but given that I’m only putting 5% down, I think I can bite it for now until I can refinance. If I were to put 20% down it will cashflow fine.

Hello,

I have been thinking on buying a duplex in putting 5% down, it will be cash flowing -$300-$400/month (negative)

Right now prices are thru the roof and I found a nice duplex for significantly lower than the rest of the market and even so it doesn’t cashflow with the amount of downpayment im giving.

I have been thinking on using the cashflow from the other one to cover it while I wait for interests to come down and refinance.

Even if I didn’t have the other duplex, I could cover the cost out of pocket.

For context, all the other duplexes in the area are going for at least $100k more.

I appreciate your input.

Hey folks, I started to look at New Heaven real estate market as well. I have been doing some research online, but never been to the area. I'm considering investing towards the end of this year, trying to learn as much as possible before I do.

What appeals to me is that cost of properties are relatively affordable and rents seem to be high, but I may be very mistaken. For those in the area, could you share what are your top reasons to invest there?

Highly appreciate your insights.

Thank you so much Thomas. Very detailed and insightful! Following you on youtube!