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Updated over 8 years ago,
First time investors need help analyzing and deal
Hello everyone,
We have taken a HELOC for buying our first investment property, and I would like to know is this duplex a good deal to buy? Asking price is $32500
Taxes are $3900, both units are 3 bedrooms 1 bath, and are rented for $600/$675, one tenant has been there 6 years, the other 6 months.
First question : is this a good deal?
Second question? Since this house will be pain in full, with HELOC what the best way to pay Heloc/should we refinance it later?
Thank you so much,
Ramona