My Offer Got Accepted!

[Caleb Crockett]

Oklahoma City, just east of Lake Hefner, good area with good schools.

Duplex, 3 bed 2.5 bath 1400sqft each side

$275,000, traditional financing, 20% down, paying around 4.375%, maybe a little better, finalizing the loan today.

Comes with long term renters paying $1100 and $1150, but this appears to be below market and hasn’t been raised in years. My agent says I could comfortably raise it to $1400 each side. Being that I don’t want to pull the rug out from under these people, I’m considering raising rents to 1200? 1250? 

Thoughts on raising rents? Thoughts on my loan rate? Thoughts in general?

[Stephen Brown]

Raise by $50-75 at first, my opinion. Congrats bro!!!!!