All Forum Posts by: Laurel DeSilvey
Laurel DeSilvey has started 1 posts and replied 2 times.
Post: Duplex Investment Opportunity
- Lender
- Arvada, CO
- Posts 2
- Votes 0
I'm sorry if there was any confusion. I meant a duplex with each having 3 bed/2.5 bath. These would bring in at least $3000/month in rent. My current calculated cost comes out to -$500 in cash flow. With the goal of building equity and doing renovations to increase the value of the house, does this make sense?
Post: Duplex Investment Opportunity
- Lender
- Arvada, CO
- Posts 2
- Votes 0
Hello,
I am new to BiggerPockets and am looking to get started in real estate investing. I will be moving to the Austin area within the next few months and have been on the lookout for a duplex to house hack. The market I am looking at is extremely hot right now and houses are sold within days of being on the market.
With that being said, I have come across a duplex that is 3 Bed/2.5 Bath for $449,000 with one side currently being rented for $1400 a month. The other half is newly renovated and ready to be moved in. After running the numbers with all of the expenses and assuming I can charge more in rent on the renovated side, I have determined that it is a good deal and could even have positive cash flow after some more renovations are made to the other side after the tenants move out. It seems to be hard to find a duplex of this size at this price in Austin.
I wanted to seek out some advice from other more experienced people on BiggerPockets to see what any of you guys think of this opportunity. I appreciate an insights on this opportunity.