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Updated over 9 years ago on . Most recent reply

User Stats

25
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3
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Shawn Maxey
  • Pensacola , FL
3
Votes |
25
Posts

Want to buy this duplex. Need Help!!!!

Shawn Maxey
  • Pensacola , FL
Posted

Need your help!!!! So this unit just come up in a community about 30 mins from house. Looks really good. I think I would like to offer on this place and make this my first rental property.  But I have never done any kind of financing or better yet ever bought a rental property.

This is 4 1 bedroom 1 baths 425 sq ft units

They rent for $395.00 a month pre unit.

The insurance for the duplex's are about $2000.00 a year. I think it might be a little lower

The taxes are about $900.00 a year.

The price is $88K

So I have never done owner financing before. But I have about 10 years of working in property management. So I think if I could get some good ideas or advice about the financing. I think I can handle the management part or so I think I can hahaha. Please help me with ideas. READY...SET....GO!!!! :)

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