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All Forum Posts by: Melony Ochieng

Melony Ochieng has started 1 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: A duplex in Portland, good deal?

Melony OchiengPosted
  • Portland Oregon
  • Posts 2
  • Votes 0

Thank you very much James. I run the numbers and my cash flow was going to be negative $500. I tried to rationalize this by saying I do not have any other debts ( no student loans or car loan), I live a simple life, and it is below what I qualified. I needed another voice to tell me that the numbers do not make sense and I was about to be house poor. I will keep looking while accumulating more money. 

0 Votes
Real Estate Deal Analysis & Advice

Post: A duplex in Portland, good deal?

Melony OchiengPosted
  • Portland Oregon
  • Posts 2
  • Votes 0

I just put in an offer of $463,000 in Portland. This 3 bedroom 2.5 bathroom duplex with 1276 sq.ft each unit built in the year 2000. One car detached garage for each unit however there is a fire hydrant in front of the house so limited on street parking. Currently both units are rented for ~$1400. I will be using an FHA loan so 3.5% down. Would you consider this a good deal?

0 Votes