Updated over 6 years ago on . Most recent reply
Analyzing deals for first investment
Hello BP! Was wondering if you think a duplex or 2 unit multi with 2br/2ba selling for around $115,000 to $120,000 and each unit renting for $950 is a decent deal? I’ve run the numbers with a conservative capex and repair budget and I’m ending up at around 10-11%. Property is turnkey or very minimal repairs. Taxes are around $2350. May sound crazy but I really feel I can get a better %. I would also pay cash. Thanks