What should I do ( FIRST POST)

[Bryan Nwokem]

Hey Y'all, I had a question on mind. So i found a home, its listed above $400,000 Duplex in the Sunny side Place area, if you are from houston you know gentrification is happening around this are. The home has been on market for a few months, almost a year. I want to offer in the ball park of $370,00o to test waters have them meet me in the middle around 390,000 with a fixed rate 30 year 6.75%. The Mortgage would be around $3587/ month including insurance, taxes, Mortage insurance. Its a 2 unit , 3 bed 2 bath build in both units. 

I am a bit worried about the investment as it is my first property any advice?

[Bob Stevens]

Quote from @Bryan Nwokem:

Hey Y'all, I had a question on mind. So i found a home, its listed above $400,000 Duplex in the Sunny side Place area, if you are from houston you know gentrification is happening around this are. The home has been on market for a few months, almost a year. I want to offer in the ball park of $370,00o to test waters have them meet me in the middle around 390,000 with a fixed rate 30 year 6.75%. The Mortgage would be around $3587/ month including insurance, taxes, Mortage insurance. Its a 2 unit , 3 bed 2 bath build in both units. 

I am a bit worried about the investment as it is my first property any advice?

 Whats the question? We have no idea if this is a good deal or not. What will the rent be?  Also, you are offering way too much, not sold for a year, ok it has issues.  You should not offer anything you are not ready. Show it to someone doing deals, let them look at it. Its obviously not a good deal as its not sold. What do the comps look like? KNOW YOUR NUMBERS, that's all that matters, 

Good luck