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Updated over 8 years ago,

User Stats

23
Posts
1
Votes
Kay Rock
  • Hollywood, FL
1
Votes |
23
Posts

Inspection

Kay Rock
  • Hollywood, FL
Posted

Hi all,

I just got the inspection done on duplex that I had on contract on for about 5 months ( its a sort sale). The duplex needs a new roof, new windows, update with the electrical outlet, it has termites and moisture damage (possibly molds) among some other things. When I ran my numbers I added $10,000 for repairs, however, the roof alone will be approximately $14, 000. There are not too many duplex in the area , so not too many comps. Im getting the Duplex for 225K repairs will be about 30K, taxes $5200. It rents for $2700, should I go for it?

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