Deal assessment, and advice

[Josiah Hrusch]

Deal for 210k, 25% down, duplex, 1 side rented out for 1000. The other side is vacant. Has plumbing issues, and foundation issues. Neighborhood is bad. Drug dealer across the street, a lot of shooting in a street behind it is located in Columbus Ohio. I have it under contract should I back out and keep looking for a better deal ? Or plow through and suck it up and buy it I’ve put down 1500$ earnest money down and would lose it if I backed out,It is my first investment property.

[Steven Foster Wilson]

Originally posted by @Josiah Hrusch:

Deal for 210k, 25% down, duplex, 1 side rented out for 1000. The other side is vacant. Has plumbing issues, and foundation issues. Neighborhood is bad. Drug dealer across the street, a lot of shooting in a street behind it is located in Columbus Ohio. I have it under contract should I back out and keep looking for a better deal ? Or plow through and suck it up and buy it I’ve put down 1500$ earnest money down and would lose it if I backed out,It is my first investment property.

 I live in an A neighborhood and their are gunshots all the time, that's what city living is though. As for foundation issues, every single house I've bought has had them, 100 year old homes, what's to expect, the good thing is though that its easier then you think to fix. I personally would buy it, everything in Columbus is rising in value very fast. In 3 years when its worth $350k what will you wish you had done....