Updated almost 8 years ago on . Most recent reply
About to close on first duplex
Just looking for feedback on what you all think of this deal I am about to close on.
Duplex currently occupied with $500 per unit.
Purchase price of $102,500 with seller paying $2,000 in closing costs and $500 in repairs
Thinking I will initially do up to $2,000 in repairs and updates although it is not completely urgent as it is already occupied as is.
Most Popular Reply
Is the $500/unit your NOI or gross rent? If it is the rent, what are the taxes and other expenses needed to determine your NOI? What is financing costing you?