All Forum Posts by: Stephanie Wells

Thanks for all the input!

Thanks! We have factored in flood insurance. The ROI is actually quite good because we will only be putting 3-5% down. The property is actually quite nice so we WANT to buy it, I guess we are just concerned never having owned a place that is waterfront and wood frame. We are also comparing the cash flow to our current property, which is a "cash cow" as my friend put it, we bought it and a few years later the area exploded. Is $300-500 considered decent cash flow for a duplex?

My husband and I have been on the hunt for a multi-family to move into so we can put 3.5-5% down and rent out our current spot to start making some passive income. The current duplex we live in will hopefully net us $1300-1400 in cash flow once we move out. With the market being so high we are having a hard time finding a multi-family with decent cash flow. Should we settle on a duplex that will likely only yield $300-500 cash flow per month? We would need to update one side, so I’m thinking the total cost for the property would be about $350K. It is wood frame and waterfront, which makes me a little nervous in regards to flood insurance and stressing about termites (we are in FL). Should we wait around to see if a better deal on a block home in a non flood zone pops up? Thanks all!