Duplex Investment Property Conversion Walkthrough & Financial Breakdown (Before Renovations)! Posted on November 16, 2019 amp Breakdown camera phone chicago hotels Conversion dallas hotels Duplex Financial free hotels hotels in chicago hotels in florida hotels in las vegas investment las vegas hotels private jet Property Renovations rental property Sharing travel travel vlog upload vacation Video Video Phone Walkthrough 30 thoughts on “Duplex Investment Property Conversion Walkthrough & Financial Breakdown (Before Renovations)!” Real estate is my favorite way to invest . Just keep in mind that if you plan on purchasing a property to rehab and rent out, have about 20% of the purchase price in reserves in case any surprises happen along the way. Cheers!Reply Hey Matt is there a link to where we can see an example of that drywall/backer board 5/8" install you mentioned at the 3:00 min mark?I'd really like to see a visual on that type if code install you talked about.Thanks in adv!Reply What square footage do you try to hit?Reply The piss house!! hehehehe nice to see you on biggerpockets Mat!!Reply Amazing to see The Fruitful Investor on Bigger Pockets! Can't wait to see the resultsReply How does the Zoning Code allowed you to convert single family to a duplex ..And do you also added a 2nd Kitchen to the basement apartment ?Reply Love seeing deal vids!Reply Start in 5 mins. $3K per week. Best profitable broker site between you and the companies to buy and sell shares👇👇👇👇👇👇👇👇👇👇👇👇👇https://moneyonlineinvestment.com/r/390900Reply For splitting the heat, have you considered keeping the furnace heat for the upstairs unit and using electric baseboards in the basement? This allows splitting of hydro and gas. We're doing this on our current project.Reply When you split the Hydro between both tenants, is it half and half or based on usage for each? I assume it depends on how advanced your metering is.Reply Is there a good video on determining renovation costs?Reply If my math is correct, you're looking at a 31% cash on cash ROI. Not bad, Mat!! Not bad!Reply If the value of the house goes down like 2008 do is affect your mortgage payments?Reply How do you get a 3% rate on your loan? Thanks!Reply I'd like a brick backsplash in my kitchen… LMAO what were they thinking?Reply Wow, in Michigan that house would be around $200k turnkey ready.Reply Legal Fees to Re-Zone the property for a Duplex?Reply What is the cost to Re-zone the property to allow the Duplex? Where I'm from the Township Code needs to be applied or you'll lose money later with court fees and fines.Reply What was the result?Reply Love the sound proofing tip. Big issue with duplexes are noise complaints. Better to take care of that now before folks start living in there.Reply I bought my duplex for basically closing cost only! I put down land I own as a down payment.Always y’all to your local banks people. They can really work with you!Reply 9:52 What's a hydro meter?Reply Do you have to rezone this from a single family dwelling to a multi family? It sounds like you've done this before so what does that cost?Reply Um… there is no calculations for repairs or vacancy??? 🤔 seems like this is going to be a break-even.Reply Who is ready to see the after 😬🙌?!Let us know below!Reply Matt, love the numbers break down! Great work on the duplex! Flip or hold, great deal! I normally focus specifically on one or the other, but when either strategy can work you know you got a winner! Thanks for sharing!Reply Would love to see the renovation on this! Nice deal!Reply Matt, love the numbers break down! Great work on the duplex! Flip or hold, great deal! Thanks for sharing!Reply what is hydra?Reply Does a va loan work better for investment properties such as a duplex than a 203k loan/vha loan?Reply Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment.