Updated about 10 years ago on . Most recent reply
Duplex
There are so many multipliers and formulas used to evaluate a deal. All of those are helpful, but sometimes I need some insight. I've submitted an offer and a duplex at 67,500. Sounds like it's going to be accepted. The PITI is about $650, so leaves 35 % for v&m. Unit will need a new roof within the next 5 years. Both leases are month to month and will need new paint and carpet when they leave. As of now, they do want to stay. This is our first multi family unit. Any insight would be helpful! Thanks,
Ethan