Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: James J.

James J. has started 1 posts and replied 1 times.

I'm new to investing world, I'm very interested in buying a duplex in our area. Problem is I don't have much to put down. I do know someone willing to become part of an opportunity, just wondering how to go about it. I have found a duplex for $115k. Needs about 30k in rehab. It then would be worth 150-160. Rents in area are between 825-900 a unit so 1650- 1800 a month total. Taxes are 3400. I found someone that has 50k that is wanting to invest. I was thinking I could use that money for down payment and rehab, then finance the rest and that would make my total monthly payment around 900. My plan would be to keep it long term. Does this sound like a good investment, and how do I go about making payments to the investor? Or paying him?or do I not pay him and split profits at a different time?