Scranton PA - First Investment Deal Review

[Steven Watkin]

Hi all,

I have my first deal under contract (duplex) and just had it inspected. I am an FHA buyer who will owner occupy half and rent out the other. I'm looking to see if there is someone who is familiar or preferably invests in the Scranton area that I could spend some time with to see if this deal makes sense. Any help would be greatly appreciated!

[Paul Defngin]

@Steven Watkin, if the other unit is paying all or most of your mortgage and you have less come out of pocket, then that would be a deal.  Rent is going up 15% a year in most area, so you buying your own home and having someone else pay all or some of your mortgage is a WIN in my book.  Right now, I recommend that you look at it from a simple long term play of just getting your own home, have someone help pay down the mortgage to build equity - and if the property value goes up, well, that would be icing on the cake. Congrats.