All Forum Posts by: David Vile

Hi guys, first time posting here. My brother and I are looking into buying duplexes in the suburbs around Philadelphia and New Jersey since that is where we grew up and currently live. I found a few duplexes that I feel I've ran the numbers including maintenance, vacancy etc and these properties should generate ~$200-300 cash flow a month once fully rented out. We plan on getting a few properties and generate the cash flow and leave it until we have enough for another property. We'll be putting 15% down and using a conventional loan at 30yrs fixed. 

I found these through real estate agents and looking online. I feel like I'm missing something though, these properties have been sitting online for months according to the websites. Can anybody give me an idea on something I may be missing or over looking as these seem maybe a little too good to be true? I appreciate the input guys.