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Updated over 4 years ago on . Most recent reply

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Wilyum Bettis
  • IN
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About to pull the trigger on my first deal! What do you think?

Wilyum Bettis
  • IN
Posted

So here we go.. I am about to begin the financing on my first rental property. My brother and I will be partners. He is autistic and we will go in this together to begin our BRRRR adventure. I wanted to do this with him to help him financially and he has a love for this type of investment. We have done more studying than I can fathom.

Here is the deal:

4 units in one building

-2 efficiency apartments upstairs

-2 one bedroom apartments downstairs

Currently she is renting the 2 upstairs for $450 including utilities and the 2 downstairs for $550.

-has gas heat and electric appliances.

She is asking $80,000.

Good foundation

Good roof

Completely renovated in 2008.

Thoughts? Opinions?

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