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Updated about 10 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Luan Truong
  • Lilburn, GA
1
Votes |
9
Posts

My First Duplex

Luan Truong
  • Lilburn, GA
Posted

Hi everyone, 

I am new here and new to the real estate investing game as well. 

Currently I am analyzing a duplex in Georgia, it appears like a great deal. The listing price is 65k but from what was listed, the gross rent is 1800. I am looking to do a conventional loan on this property. However, the owner requires that the units can be viewed only during due diligence period only. Also, there isn't any pictures of the property listed on the MLS or anywhere, according to my Realtor. Is this normal in Georgia or is the seller trying to hide something?

I am willing to make the offer but I don't want to waste the inspection fee ($275) and the hassle of drafting up the contract and putting down an earnest money and ending up NOT buying the property. Any insights to this would be greatly appreciated! 


Most Popular Reply

User Stats

9
Posts
1
Votes
Luan Truong
  • Lilburn, GA
1
Votes |
9
Posts
Luan Truong
  • Lilburn, GA
Replied

@Brent Coombs Thanks so much for the insights into this deal. I am utilizing all the advice that you have provided Brent and see where it takes me. I definitely like the idea of asking the inspector for a a highlights of the inspection for a reduced fee! 

@Tom Keith Thanks Tom. Will try it out and see and also I was able to find a picture of it on the county property records. (Saw trashcan overflown in the front with trash all over) wondering if this is a good sign :). 

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