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User Stats

47
Posts
10
Votes
Damien L.
  • Rental Property Investor
  • Ft Mitchell, KY
10
Votes |
47
Posts

We bought our first duplex, thanks biggerpockets!

Damien L.
  • Rental Property Investor
  • Ft Mitchell, KY
Posted

Hey biggerpockets community!

It's a done deal we have closed on our first duplex and first investment property.  We are very excited and a little (or a lot) nervous at the same time.

We bought our duplex for roughly $80k.  It's a 1/1 and 2/1.

Rents:

Targeting $650 for one bedroom and $750 for two bedroom

Utilities:

Heat and Electric - Tenant pays

Water - Will work on RUBS

Renovation/Updates:

Kitchen - update cabinets with something clean and simple.  Buy range and fridge.

Bathroom - update one vanity and redo tile

Outside - basic landscaping, some trees need to be dealt with but that's not an emergency.

There is also a large detached garage on the property.  We were thinking of offering the tenants one spot per unit.  The garage bays are not separated.  I don't see an issue with that, is there something I am not thinking off?

PS Thanks to Biggerpockets for guiding us and helping us make it to our first deal!

Most Popular Reply

User Stats

108
Posts
49
Votes
Rob Chiang
  • Rental Property Investor
  • San Mateo, CA
49
Votes |
108
Posts
Rob Chiang
  • Rental Property Investor
  • San Mateo, CA
Replied

Congrats!  

The snowball starts with 1 snowflake.  =)

Compound interest...woo hoo!!

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