First Time Investor Under Contract! Rental Property Analysis
After being interested for many years, I finally pulled the trigger and am under contract for a duplex in a class C neighborhood where I live!!! The duplex will be used as a long term rental.
I have posted my numbers below. I plan to self-manage but I put management fees of 10% just in case I need to hire a manager because the duplex is 35 minutes away from my house and get tired of driving there.
Most Popular Reply
@Eric Benz Awesome! Looks like a solid base hit. Get a few under you belt and build up the investment portfolio. Accounting for management fees when self managing is critical- if all goes we'll you will need to outsource that after 10-15 doors anyway. Cheers!
- Matthew Morrow
- [email protected]
- 484-791-6200
CORE Team | Realty ONE Group Supreme
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