Closing Deal #1 !!
I'm closing on my first deal tomorrow!! Thanks for the inspiration, knowledge and guts to pull the trigger!
Purchase price $43,000... $9,000 below asking. Property just needs some aesthetic work.
3 units. 1 efficient, 1 2b and 1 1b.
Rents $475, $375, and $200 = $1050. With room to increase rent. 2.4% of purchase price!!
2 units rented with great long term tenants. That was an attractive feature of this spot.
I should cash flow over $100/ door to start. Tweeking here and there to cut expenses will make things hum along. I'm very excited to take this first step and am very close to making an offer on a duplex house hack scenario!!
Thanks again BP Community!!