New Duplexes in tight market - Posted by Todd

import · October 20, 2006, 12:41pm

Posted by Todd on October 20, 2006 at 14:46:41:

The Duplex is located in Lubbock, Tx. Population 250K and it has a University Texas Tech with student population 28K.

import · October 20, 2006, 12:41pm

Posted by Todd on October 20, 2006 at 12:41:23:

How do you sell a new duplex in a tight market. The duplex is 175K and the rents on each side are $1,000 for a total of $2,000. How would someone market these?

import · October 20, 2006, 2:58pm

Re: New Duplexes in tight market - Posted by jeff-nc

Posted by jeff-nc on October 20, 2006 at 14:58:10:

If they are rented, and have solid history, that is a plus, I think. Showing that $2000 has been coming in on time for months or years is valuable. If vacant, I would fill them. I know others disagree, but unless the tenants are horrible, I always like buying rental property with some money coming in from day one.

Might try marketing to the parents of fresh/soph. I know a man who bought a 4-plex in Chapel Hill while he had 2 kids there…rented the other apts. out and sold the unit for a profit when his kids graduated.

import · October 20, 2006, 2:02pm

Re: New Duplexes in tight market - Posted by Richard

Posted by Richard on October 20, 2006 at 14:02:52:

Todd,

I realize this doesn’t answer your question, but where is this duplex located?

Thanks,

Richard