I've been thinking about dipping my feet into the rental business for a little while now. Been following this board for about a year.I currently live in a suburb of a major city. Every few weeks, I've been looking at homes in the city. Prices have stabilized out.Relatively new to the market are several multiplexes, all listed with the same agent (and all offered both individually as well as a package). It states that the current owner is getting out of the rental market. One of them in particular caught my eye - a duplex with both sides rented to long-term (6 yrs) tenants. Many things look favorable in the listing - new furnace and water heater, things like that. The numbers look good from my uneducated POV - one side's rent would more than cover the 15 yr mortgage plus insurance. The down payment is doable for us (and would be a 6 month ROI assuming the second unit is rented).Am I missing anything?TIA,Kristi
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra