clifp
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 27, 2006
- Messages
- 7,733
FDcaptain.
First a disclaimer, I am no real estate expert, don't even play one on the internet, and second I've been in Kentucky for almost 20 years so I have no clue about the RE market there.
The thing the that struck me about your post is what is so special about the Duplex?
In the west coast RE market, cash flow positive properties are pretty much mythical creatures only seen in infomericials. Now this may have changed with bubble bursting but I doubt it.
So I can understand the appeal of a cash flow property in the four plex even if it is slow growth Kentucky. Clearly having it 5 minutes away from your house is an very nice bonus.
I don't understand why having a second property next door to is that appealing. I guess if you are out there doing a some routine maintenance it will save you some time. But would really be that big a benefit? I would think if you could find a 2nd positive cash flow property in another neighborhood even if it was 15 minutes that would be a better deal. If the Oven goes out in a unit does it matter that much if the units are next door to each other or 4 miles apart, the appliance guy/or you only goes to one unit.
The other thing to consider is if a crack house opens up in one of the other apartments that hurts both of your properties not just one if you have a least neighborhood diversity.
First a disclaimer, I am no real estate expert, don't even play one on the internet, and second I've been in Kentucky for almost 20 years so I have no clue about the RE market there.
The thing the that struck me about your post is what is so special about the Duplex?
In the west coast RE market, cash flow positive properties are pretty much mythical creatures only seen in infomericials. Now this may have changed with bubble bursting but I doubt it.
So I can understand the appeal of a cash flow property in the four plex even if it is slow growth Kentucky. Clearly having it 5 minutes away from your house is an very nice bonus.
I don't understand why having a second property next door to is that appealing. I guess if you are out there doing a some routine maintenance it will save you some time. But would really be that big a benefit? I would think if you could find a 2nd positive cash flow property in another neighborhood even if it was 15 minutes that would be a better deal. If the Oven goes out in a unit does it matter that much if the units are next door to each other or 4 miles apart, the appliance guy/or you only goes to one unit.
The other thing to consider is if a crack house opens up in one of the other apartments that hurts both of your properties not just one if you have a least neighborhood diversity.