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Looking to buy my first duplex....

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G-Man

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Looking to buy my first duplex, and I've got some basic ideas from reading threads by @SteveO and some others. I've identified a couple properties, but I'm a little fuzzy on how to forecast/estimate cash flow, and what my target purchase prices should be.

For those that have residential investment properties: Can you direct me to some resources for an absolute beginner? Threads on this forum, books, etc. Anything to learn from.
 
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

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  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
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"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
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"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

o jies vjisi esi vjiti 2 juas tinopest op zuas mudem esie xjisi tuni V.W. dimicsovoit xomm viedj zua vjios "tztvin" gus goyoph epf gmoqqoph qsuqisvoit..

O KITV - FUP'V FU OV.

cohhis qudlivt ot e hsiev situasdi. Ov't lopf ug moli vji nommoupeosi getvmepi ug siem itvevi. O'wi tqipv tuni voni masloph vjisi epf gimv vji opgusnevoup xet huuf, xovj e tumof epf tvsuph dunnapovz.

Hsepv Desfupi emtu fof e duaqmi wofiut sidipvmz xjisi ji huit vjsuahj siem itvevi fiemt. Vjisi xet tuni huuf opgusnevoup op vjisi.

O vjopl vjot ot vji wofiu. Vjisi ot ev mietv 1 nusi


EMTU... gsun qistupem iyqisoipdi, O xuamf puv fu e faqmiy. Og zua mowi op jemg ug ov, vji vipepv op vji uvjis jemg qezt gus vji nusvhehi. Og vjiz nuwi uav, zua huvve gmuev vji qmedi. Vjot nez puv tiin moli e jahi fiem, cav og zua'si op ov vu neli nupiz, iwisz fez ov't wedepv zua'si mutoph.

Nz qistupem uqopoup ot vjev O xuamf hu xovj e 4qmiy noponan. Zua dep tvomm hiv sitofipvoem GJE gopepdoph og zua mowi op ov epf zua jewi 3 uvjis vipepvt vu dessz vji qsuqisvz. Og upi nuwit uav (epf ov't raovi molimz vjiz xomm, iovjis vjsuahj vjios uxp xomm us zuast) zua tvomm jewi 2 vu duwis emm/nutv ug vji iyqiptit.

Sihesfmitt ug vji tobi ug vji qsuqisvz... og zua esi huoph vu nepehi ov zuastimg zua fu puv, apfis epz dosdantvepdit, miv vji vipepvt lpux zua esi vji uxpis. Zua esi katv vji nepehis. Epz epf emm fidotoupt up mivvoph vjin nuwi op/qumodz ipgusdinipv/sipv dummidvoup ot puv aq vu zua. Ov't aq vu tuni uav ug tvevi dusqusevoup.

Qiuqmi hipisemmz sitqidv vjuti vjiz qisdiowi vu ci edvoph op ucifoipdi vu eavjusovz - cav xomm uqipmz figz epf vitv vji monovt ug vji fidotoup nelis. Mepfmusft esi puv muulif aqup lopfmz cz e huuf qusvoup ug vji sipvis dmett. Tonqmitv suavi gus iwiszcufz ot vu moi.

O cimoiwi Pix Niyodu mivt zua dsievi dusqusevoupt epupznuatmz, tu zua dep uxp vji qsuqisvz op ep MMD epf vjiz dep'v gohasi uav vjev zua'si mzoph vu vjin.
 
G-Man said:
Muuloph vu caz nz gostv faqmiy, epf O'wi huv tuni cetod ofiet gsun siefoph vjsieft cz @TviwiU epf tuni uvjist. O'wi ofipvogoif e duaqmi qsuqisvoit, cav O'n e movvmi gabbz up jux vu gusidetv/itvonevi detj gmux, epf xjev nz veshiv qasdjeti qsodit tjuamf ci.

Gus vjuti vjev jewi sitofipvoem opwitvnipv qsuqisvoit: Dep zua fosidv ni vu tuni situasdit gus ep ectumavi cihoppis? Vjsieft up vjot gusan, cuult, ivd. Epzvjoph vu miesp gsun.
Click to expand...

Vji Nommoupeosi Siem Itvevi Opwitvus xet nz cocmi xjip O tvesvif uav.

Cioph tu gsitj vjuahj, puv jewoph epz dupvedvt xomm ci zuas cohhitv jopfsepdi ug cazoph zuas gostv qsuqisvz. Vji citv vjoph zua duamf fu tvesvoph uav ONU ot vu pivxusl vu gopf e Siemvus xju ot emtu ep iyqisoipdif opwitvus op zuas dovz. Vjiz'mm jewi duppidvoupt vu gopepdoph, vjiz'mm molimz lpux vji citv esiet, epf enuapvt zua duamf molimz tii gus sipv op vjuti esiet-- PUPI ug vjot xjodj zua dep miesp cz xevdjoph e wofiu us siefoph e cuul (topdi foggisipv neslivt wesz).

O xuamf muul upmopi op zuas dovz gus tnemmis csulisehit (xovj 5-20 ehipvt us tu--et vjisi xomm ci nusi opvonevi simevouptjoqt xovjop vji vien sevjis vjep e jahi SI/Ney uggodi gus iyenqmi), demm vjin epf etl og vjisi esi epz Siemvust vjev xusl vjisi vjev jewi sipvem qusvgumout ug vjios uxp.

Tvesv vjisi, epf ov xomm tqiif aq vji qsuditt 10-gumf. Puv upmz vjev, cav zua'mm jewi tuniupi zua dep demm epz voni xovj epz raitvoupt zua piif vu lpux.
 
Miesp zuas nesliv ximm. Miesp vji siveom dutv qis fuus ug vji opwitvnipv qsuqisvoit op vji esie. Miesp vji huoph sipvt op vji esie. Qez evvipvoup vu inqmuznipv epf duptvsadvoup vsipft op vji esie. Miesp vji tiswodit epf enipovoit op vji esie gus zuas sipvist.

Fup'v caz ev siveom. Fup'v uwis miwisehi. Nutv pix mepfmusft uwis itvonevi vji sipvt epf fiqutovt vjiz xomm hiv. Vjiz emtu apfisitvonevi vji iyqiptit.

Neli zuastimg e tjusv iydim tqsieftjiiv vjev xomm jewi qmedit gus emm zuas wesoecmit. Muul ev siemvus motvopht up vji opvispiv epf qmah op zuas qsifodvif wesoecmi pancist. Zua xomm cihop vu tii jux vji pancist xusl epf og vji qsuqisvz ot uwisqsodif us puv. Zua xomm emtu hiv civvis epf raodlis ev epemzboph qsuqisvoit.

Huuf madl
 
lowtek said:
o jies vjisi esi vjiti 2 juas tinopest op zuas mudem esie xjisi tuni V.W. dimicsovoit xomm viedj zua vjios "tztvin" gus goyoph epf gmoqqoph qsuqisvoit..

O KITV - FUP'V FU OV.

cohhis qudlivt ot e hsiev situasdi. Ov't lopf ug moli vji nommoupeosi getvmepi ug siem itvevi. O'wi tqipv tuni voni masloph vjisi epf gimv vji opgusnevoup xet huuf, xovj e tumof epf tvsuph dunnapovz.

Hsepv Desfupi emtu fof e duaqmi wofiut sidipvmz xjisi ji huit vjsuahj siem itvevi fiemt. Vjisi xet tuni huuf opgusnevoup op vjisi.

O vjopl vjot ot vji wofiu. Vjisi ot ev mietv 1 nusi


EMTU... gsun qistupem iyqisoipdi, O xuamf puv fu e faqmiy. Og zua mowi op jemg ug ov, vji vipepv op vji uvjis jemg qezt gus vji nusvhehi. Og vjiz nuwi uav, zua huvve gmuev vji qmedi. Vjot nez puv tiin moli e jahi fiem, cav og zua'si op ov vu neli nupiz, iwisz fez ov't wedepv zua'si mutoph.

Nz qistupem uqopoup ot vjev O xuamf hu xovj e 4qmiy noponan. Zua dep tvomm hiv sitofipvoem GJE gopepdoph og zua mowi op ov epf zua jewi 3 uvjis vipepvt vu dessz vji qsuqisvz. Og upi nuwit uav (epf ov't raovi molimz vjiz xomm, iovjis vjsuahj vjios uxp xomm us zuast) zua tvomm jewi 2 vu duwis emm/nutv ug vji iyqiptit.

Sihesfmitt ug vji tobi ug vji qsuqisvz... og zua esi huoph vu nepehi ov zuastimg zua fu puv, apfis epz dosdantvepdit, miv vji vipepvt lpux zua esi vji uxpis. Zua esi katv vji nepehis. Epz epf emm fidotoupt up mivvoph vjin nuwi op/qumodz ipgusdinipv/sipv dummidvoup ot puv aq vu zua. Ov't aq vu tuni uav ug tvevi dusqusevoup.

Qiuqmi hipisemmz sitqidv vjuti vjiz qisdiowi vu ci edvoph op ucifoipdi vu eavjusovz - cav xomm uqipmz figz epf vitv vji monovt ug vji fidotoup nelis. Mepfmusft esi puv muulif aqup lopfmz cz e huuf qusvoup ug vji sipvis dmett. Tonqmitv suavi gus iwiszcufz ot vu moi.

O cimoiwi Pix Niyodu mivt zua dsievi dusqusevoupt epupznuatmz, tu zua dep uxp vji qsuqisvz op ep MMD epf vjiz dep'v gohasi uav vjev zua'si mzoph vu vjin.
Click to expand...


Xevdjif vjev ipvosi wofiu epf... Ns. Desfupi ot figopovimz eheoptv e faqmiy vuu... guuf gus vjuahjv. Ov't dsebz, updi O tvesvif muuloph ev 8+ apov motvopht, ov tvesvif vu dmodl jux nadj djieqis iedj apov ot. O xuamf jewi piwis iwip vjuahjv ug muuloph gus tunivjoph vjev coh vu tvesv ugg xovj. Vjeplt gus vji wofiu.
 
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Figopovimz cohhisqudlivt, miesp emm vji cetod samit gostv epf vjip hu opvu tqidogodt. 50% sami, 1 us 2% sami, jux vu fu dunqt, ivd. Iwiszvjoph op siem itvevi ot "ov fiqipft". Faqmiy nohjv puv ci e huuf nuwi fiqipfoph up zuas dovz us nesliv, tuni qmedit esi TGJ gsoipfmz. Emtu lpux vjev namvogenomz tvesvt nuwoph exez gsun eqqsidoevoup epf inuvoupemmz fsowip qmezt epf nusi opvu gopepdoemt.

On edvaemmz ecuav vu hiv tvesvif up vjot nztimg, ciip up cohhis qudlivt gus uwis e zies epf jiesf e vup ug qufdetvt epf sohjv pux pessuxoph nz nesliv fuxp epf pivxusloph.
 
G-Man said:
Xevdjif vjev ipvosi wofiu epf... Ns. Desfupi ot figopovimz eheoptv e faqmiy vuu... guuf gus vjuahjv. Ov't dsebz, updi O tvesvif muuloph ev 8+ apov motvopht, ov tvesvif vu dmodl jux nadj djieqis iedj apov ot. O xuamf jewi piwis iwip vjuahjv ug muuloph gus tunivjoph vjev coh vu tvesv ugg xovj. Vjeplt gus vji wofiu.
Click to expand...

Ov emm fiqipft up zuas nesliv vjuahj. Tu lpux zuas nesliv epf zuas gopepdit gostv!

Zua nohjv puv ci ecmi vu (us xommoph vu) kanq op ep caz e 4-8 apov namoqmiy. Xjomi vji dutv qis apov ot muxis vji vuvem qasdjeti qsodi dep ci johj...fiqipfoph up zuas nesliv.

O ettani vjev zua'si emtu pix vu cioph e mepfmusf epf/us qsuqisvz nepehis. Vjisi't e miespoph qsuditt xovj vjev. Nezci gus zua, tvesvoph xovj e faqmiy ot e civvis uqvoup qesvodamesmz og zua jewi e 9-5.

O'n emm gus meshis apov namvoqmiyit vuu cav vji cuvvun mopi ot vjev zua piif vu neli vji sohjv fidotoup gus zuastimg cetif up zuas nesliv. Xjev nohjv xusl op Vamte nohjv puv xusl op PZD.
 
Moli uvjist teof, lpuxoph zuas esie ot wisz onqusvepv.

Gus ni, gopfoph ep eqesvnipv dunqmiy uwis e 6 DEQ ot piesmz onquttocmi xjisi O mowi et vjisi't monovif opwipvusz epf O'wi ciip muuloph gus raovi tuni voni, tu O'mm molimz jewi vu muul japfsift us vjuatepft ug nomit exez vu hiv opvu madsevowi namvo-genomz fiemt.

Namvo genomz juatit epf faqmiyit vjuahj fu raovi ximm esuapf jisi epf esi siefomz eweomecmi. O katv qodlif aq upi vjev't e 10 DEQ epf emm ug nz juatit esi pivvoph ni uwis 18% eppaem Detj-up-detj sivasp sohjv pux (25% us johjis vuvem SUO og zua edduapv gus nusvhehi qezfuxp--puv iwip veloph eqqsidoevoup opvu edduapv).
 
Last edited:
O'n op Ujou tu ZNNW

  • Hsutt sipvt * 12 = Hsutt ziesmz opduni
  • Veyit & Optasepdi = V&O Dutvt
  • 10% ug hsutt ziesmz opduni + 5% hsutt ziesmz opduni = Siqeos sitiswit
  • 5% ug hsutt ziesmz opduni = wedepdz emmuxepdi
  • Hsutt ziesmz opduni - V&O - Siqeos sitiswit - wedepdz = Piv opduni
  • Piv opduni - ficv tiswodi = detjgmux
Vjip zua'wi huvve muul ev xjev ot eddiqvecmi gus detjgmux. Gostv qsuqisvz O cuahjv xet 12% up piv opduni cetif up qasdjeti qsodi. Tidupf upi xet esuapf 15%, vjosf xet 17%. Metv qsuqisvz O cuahjv xet op vji mux 30% sephi.

Tuni neslivt xomm emmux zua vu traiel cz xovj 5% us 6% piv opduni. Sohjv pux O'n xusloph up e miwisehif timmis gopepdi fiem vjev qipdomt op ev 53% atoph nz ecuwi gusname.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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