Updated about 9 years ago on . Most recent reply
Duplex with carriage house
Hi, I have experience with single family homes and turnkey out of state properties. I just put an offer on a duplex with a carriage house for $175,000. The total rent between all units is about $2200 to $2400 per month. The house was built in 1900. I don't know yet about the upgrades or renovations as I'm starting due diligence. Using the 50% rule, it nets about $125 to $150 per unit with a conventional mortgage. This is my first duplex/triplex and I don't know what else I should be considering. All units are good sizes in a decent area. Do you think this is a good deal from the little info I have provided? Thanks.