Updated about 3 years ago on . Most recent reply
Help me analyze this deal
https://www.biggerpockets.com/...
Here is a duplex in Atlantic City I just put a offer on. This is my first investment property and I'm looking for some advice on the property/location. The numbers look good to me. Especially considering everything within the property has been updated/repaired. I'm also wondering if this would be feasible for STR or if I should just stick to long term tenants. Projected rent is 1300-1400. I figured AC is up and coming and this is a nice low maintenance duplex for a decent price with good rent. Not sure about the tenant pool though. Any helpful advice/opinions appreciated!
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Hey @Randy Adams ! Congrats on your first shot at an investment property. We love Atlantic City but just be aware of the areas. This section is the West Side of Atlantic City, we actually own 2-row homes on N Ohio Ave close by. We are planning on testing this area by converting these to STRs. We believe this area is still not ready for STRs but the convention center and shopping outlets are close by.
The neighborhood isnt ideal tho, just want to make sure you are aware! Reach out if you have any other questions!