Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

146
Posts
109
Votes
Gretchen P.
  • Rental Property Investor
  • Littleton, CO
109
Votes |
146
Posts

Need insight on a rural duplex deal

Gretchen P.
  • Rental Property Investor
  • Littleton, CO
Posted

I have a lead on two duplexes in a rural area, $60K total for both duplexes.  Rent in the area for 2/1 units is between $600-800/mo.  I am assuming $30K in repairs total. All in will be $90K, with conservative rental potential of $2400/mo (4 units x $600). I am assuming 15% vacancy, and will have the property managed. Taxes for both duplexes together are $640. 

The town is very small, 2500, with a junior college (enrollment 750), hospital and mining/quarry/oil/gas industry. Median household income is 72K, and the population has grown 15% since 2000, unemployment is around 5%. 

If you have invested in rural properties, what due diligence should I do besides the normal inspections, etc? 

Loading replies...