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Updated over 8 years ago,

User Stats

42
Posts
7
Votes
Mohan Dag
  • Charlotte, NC
7
Votes |
42
Posts

Buy or not?

Mohan Dag
  • Charlotte, NC
Posted
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?

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