I
closed on a duplex in Cleveland recently and before closing on the property I «interviewed» different property managers by phone and ended up getting a property manager who happens to be here on BP.
I'm finding as an investor, I get very good cash flows
on duplexes in Minneapolis (all over the 1 % rule) I just find that single family homes can't cash flow at all.
Mainly a buy and hold strategy
focusing on duplexes on up and at some point adding a modest commercial piece.
«In my Atlanta market,» Ailion says, «The loan limits for a conforming Freddie, Fannie or VA loan or an FHA
loan on a duplex are $ 533,850 and $ 459,300, respectively; on a fourplex, they're $ 801,950 and $ 690,000, respectively.»
For instance, in qualifying an applicant for an FHA
mortgage on a duplex, the lender may not use the rental rate the borrower intends to charge, but instead, the amount of rent is can reasonably fetch according to an FHA approved appraiser's comparison of similar rentals in the area.
A similar proposal was put forth by researchers are the Distributed Computing Group of ETH Zurich in a September white paper
on Duplex Micropayment Channels (DMC).
Thanks everyone for the well wishes and yes i did run the numbers and believe i got a good
deal on a duplex.
I know exactly what work I will need to
do on those duplexes over time, and have contractor estimates for what it will cost.
If 17 - 27 offers are
made on a duplex, how do you score one and still manage to buy smart?
That's when the couple started looking at other neighbourhoods, eventually
settling on a duplex in La Petite Patrie.
Opt for the Family Getaway Package and
splurge on the duplex suite complete with two stories of glass windows overlooking the ocean.
There will be 294 intricately designed guest accommodations, including 45 luxurious suites — some of which are
located on duplex floors, inside historic turrets, and feature private lifts and terraces.
Elsewhere, Blockstream announced the addition of former Swiss Federal Institute of Technology researcher Christian Decker, best known for his
work on Duplex micropayments channels.
We got a quote from an insulation company to add proper vents, blow in the attic, and perform air sealing
throughout on a duplex and it came to just under $ 1,200.
My approach to your question would be simply decide how much you want to
spend on a duplex first.
On a duplex built in 60's I would always have in my mind at least $ 5 - 10K per door before even looking.
He works with out of state investors (he helped me close
on a duplex while i was away.
Thanks for the reccomendation @Alex Scott, were closing next
week on a duplex VA loan and all is going very well.
My business partner and I just interviewed a guy who invested $ 1,000
down on a duplex in 1992, and he has traded that up one time after another until now he just sold a 130 - unit apartment complex for over $ 11 Million.
I close
on a duplex at the end of January with one unit vacant and dreading trying to find a tenant at that time of the year.
So I don't really know for sure because almost everybody is talking about FHA
financing on duplexes... it's everywhere.
At this point I am considering taking out
equity on the duplex I own and using it as a down payment but am considering other options as well.
If you can not buy that soon then start saving the pennies and try for a 3.5 %
Fmha on a duplex or fourplex.
Currently I have one SFH rented and have just signed a
contract on a duplex (one unit occupied) in the same neighborhood.
I usually see $ 1500 total
rent on a duplex that cost about 100,000 here in Houston.
You will also run into duplex LTV restrictions... so lets say you bought it for 100K cash, put 15K into it... then tried to refi - the banks asks for 6 - 12 months seasoning and max
ltv on a duplex 80 % LTV... you have tied up the funds and end up with 65,000 back... your going to run out of reserves.
I've
landed on a Duplex I really like and it's super clean with lots of recent repairs including new roof, new appliances, fresh paint and floor all around.
Basically I would allow a lien to be
placed on a duplex I own - with about 90 - 100K in equity, for his security instead of a high down payment and also be putting in my real estate agent commission (about $ 20K) towards a down.
Although the single - family home is slightly larger than each of the units in the multifamily residence, the price per
unit on the duplex is $ 550,000 cheaper.
I am making
offer on this duplex that has extremely strong pet odors everywhere, not only from the carpet, the carpets were already removed, I just think it's everywhere.