Looking at a duplex property for under $150k. Move in ready first floor two bedroom. Second floor has plumbing and electric installed but needs construction completed. My idea is to live in the first floor unit and finish the second floor over the next year or two then rent it out or sell the property.

Crazy?

like
Posting as :
works at
You are currently posting as works at

Not crazy at all! I’ve done this more than a couple times. Rinse and repeat and it’s a sure way to get to financial freedom (or even just a very solid retirement plan as the depreciation offsets some of rental income, loan is paid off by tenants, and appreciation of the asset).

like

Assuming you’ve got the cash and don’t need to finance it could be good. Have you calculated the ROI?

I did this. Smartest thing I ever did financially.

great idea and start to your real estate investment journey!

OP where are you looking for a duplex that’s $150k?

Not crazy, it’s intriguing. Kindly contact me if there is need for funding.

jacewilliams.sbc@gmail.com

Related Posts

What is the usual annual hike % in accenture?

like

Anyone interested in below Job profile, please share your email I'd.

Post Photo
like

Thoughts on Prime Ocean here?

like

Got offer from Cognizant and Infosys.. Where Cognizant offering more package almost 1.5 Lpa mor, but heard lot of negative review on social media like they don't have good project, no job security, they will make you to work on other tech etc . Is it true ? Share some pro and cons that will be greate .. thnks

like

YOE - 3 yrs
Earlier roles Customer service, Startup founder, Project Manager.

Now got role as Associate Product Manager in a farm tech startup.

Is good to join and after working here for 1 year is it possible to move to bigger MNC like Capgemini or Infosys or Any big player

3 YOE but worked in 4 companies.
Current salary: 5 LPA

ANY ADVICE WILL BE HELPFUL.
IM JUST BLANK.

My leaves are very less.

Is it worth sacrifice being away from parents without option to see them for months..I'm single

like

Folks
Need some suggestion
I have got an new project with new technology in notice period.
What's should I do to survive the notice period.
If possible how to get release from it
As they are not interested in me for training and transition.

Went from agency to in-house. Does anyone feel like they sold their creative soul for a little more stability?

like

Looking for examples of In House Agency names. Ex. Yellow Shoes / Disney. Searching Google was not my friend on this one. Thanks all. Peace

like

Looking for a great realtor with knowledge of East Austin. Any recs?

like

For 🐠🐟 that live in the Circle C area, is there really a difference between Circle C proper vs. the surrounding neighborhoods (e.g. Circle C North)? Or are we basically just paying a premium for the name?

(We're waiting for prices to come down like a lot of people here, and the hubs is very focused on being within Circle C proper 😮‍💨.)

like

Do you ever regret pursuing the life of a soldier?

like
like

What is tcs vpn name to connect via cisco anyConnect?

like

I got variable pay of 1 lack, two times after April's appraisal (so total 2 lack). I didn't had variable component mentioned in offer letter, but it was showing up in hr portal. Now payroll people are calling me and asking me to return the 1 lack saying it was done by mistake. What should I do?

I'm a baby UX designer and am curious how others landed their first gig? I'm in GA's 6 month program and we haven't developed portfolios, is it possible to get an entry level position with just work samples?

like

LTI is Hiring for below Cloud /DevOps - BU Positions !!

Interested plz DM with job codes and email id to apply

**Immediate to 30 days joiners will be preferred**

Post Photo
like

Hey All Is it anyone from Enterprise and SMB banglore team? Could you please help about WLB hows team?Jio Platforms Limited

Do you think a teacher dating/marrying another teacher is an ideal situation?

likehelpful

As we return to the office, does anyone have a recommendation for a leather briefcase?

like

Additional Posts in The Real Estate Bowl

Looking to buy an investment property in Nashville. Can anyone here connect me to good realtors I can work with in the area? Trying to close in < 6 months.

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

like

I am looking to buy my first property soon - preferably new constructions (anything except condos) anywhere in Ontario/Canada. Any suggestions where I can turn to find new construction projects? I understand I need an agent. Until I find a good one, I am looking at the houses myself. Any suggestions where I can get information about new projects happening in the province?

like

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

like

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Wanting to move from NYC to either Austin or Tampa. Open to hear the pros and cons.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Any one knows what’s the easiest way to order a radon test for new construction?

like

Closing on a condo soon. Need to get 1 accent wall painted and one laundry bifold door installed. What’s an average cost to expect for this. I got quotes for 2000$, seems steep. Any recommendations for contractors in chicago area?

like

Do you thank your tenants for paying the rent? A quick thank you text?

like

For those who use property management companies to manage your rental properties, what are the services that you really value and will switch out to a different one if not getting such services?

Is it common for HOA to ask you to prove your car registration is up to date?

like

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

Buying a new construction single fam house in PA suburbs. Already Signed the contract and Looking for a lender with lower interest rate. Anyone come across comparable lower IR lenders? Any insight is appreciated! :)

like

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

What percentage of homes get sold without getting listed on the mls (off market deals)? Is it usually worth it for the buyer or seller?

like

For those that built higher end homes, what kind of appliance budget did you have?

like

I recently bought my 1st home in TX. I want to get into real estate and eventually own/rent out multiple homes. Are there any good recommendations/tips on books/articles/websites that others have used to get started?

I've read about HELOC and cash out refinance to get a 2nd home but articles are so scattered that it gets confusing which is better in terms of tax benefits and immediate costs, etc. Anything others have found helpful that summarized how to get started would be great!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal