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Updated almost 10 years ago on . Most recent reply

User Stats

244
Posts
69
Votes
Sean Ploskina
  • Investor
  • Virginia Beach, VA
69
Votes |
244
Posts

Finally closed on this 2% duplex

Sean Ploskina
  • Investor
  • Virginia Beach, VA
Posted

After three months after the VA accepted my offer we finally closed on friday!

We purchased a 3/1.5 on each side duplex for 92k.  In our area it will rent for 900-1000 per side.  It is going to need about 6-8 thousand worth of repairs.  Nothing major but is getting a new bathtub which held up financing.  

At every stage there have been new hurdles, from the 203k loan falling through to the VA never clearing leins that were from the city for not mowing the yard. We are not rented yet but we are over the hump.

Can't wait for the next one!

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