Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
My First Property, should I buy??
Hello BP Family,
I am looking to acquire my first property. It is a duplex that will rent $700-750 per side. I have in under contract for 105k and comps show upwards of 140k for duplexes. The home does need some repairs and I can see it being about 25-30k in repairs. I have enough for closing cost and the down payment. I am just worrisome about home renovation costs. I can't switch to 203k loan as the seller does not want to wait that long. Any suggestions?