Buying my first duplex with no job?
I found this incredible duplex that's close Universities, Downtown and it's about a mile to a very highly desired area. It's priced at 75,400 but I'm hoping to get it for 65,000. It's a 2 bd. 1 bathroom on each side and I will be living on one side. I'm going to use the HUD program to make use of the 3% down payment I'm hoping to receive 875-1000 a month for the place because of its great condition and a wonderful FLAT yard which is hard to find in the area. I'm a college student and I'm trying to find a way to live almost to completely rent free. I know there will be lots of extra cost that comes with a duplex such as property insurance, utilities, maintenence, repair, etc. Is this a good deal ?