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Updated over 9 years ago, 04/06/2015

User Stats

89
Posts
13
Votes
Travis Washington
  • Rental Property Investor
  • Austin, TX
13
Votes |
89
Posts

Older Duplex with higher Cap or Newly Renovated Home

Travis Washington
  • Rental Property Investor
  • Austin, TX
Posted
Buying first rental property Have offer on the table of $49.5K for a duplex that has renters who pay $550 per unit ($1100/month) -was originally listed at $69K but talked it down -On the corner of the block with a bus station right out front and a restaurant right next door -built in 1900 -will need work very soon probably Or should I wait for: A newly renovated SFH in an up and coming part of town for the same price that rents for $700/month. As an experienced investor, what would you do and what are immolate things I should consider?

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