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Updated over 8 years ago,
Buy or not?
Hi, I came across a duplex in Monroe, NC.
The asking price is 105k.
PITI: 950
Potential Rent: 1500/month. ( 750 on each side)
One tenant that is in pays 650 now.
But the location is grade C. It is one of the less safer areas near Monroe downtown. Though I am planning to give it to property management so I don't have to deal with the tenants, I am skeptical to buy as It is my first investment property. Anyone share your thoughts?