does this deal make sense?
Hey everyone! My girlfriend and I are currently renting for $1,700 a month and we came across this duplex nearby. There's a tenant in place paying $1,200 a month, and the following information in the MLS looked pretty good to me:
"Un-Finished Attic Basement stonewall/brick foundation 50 gal hot water heater New Efficient Goodman gas fired furnace Walk out doors fuse box electricity, laundry connections, basement dry & clean New Furnace, New Soffets New Sewer Pipes New Heating Ducts New Hot water heater New Sidewalk near the house New Electrical service New Windows Slate roof, new separate gas & electric meters"
My question is whether this deal would make sense for someone looking to get started in Real Estate. The way it looks, it I would be paying a little less, and the money wouldn't be gone like it is with rent. What are your thoughts?
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