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Updated about 6 years ago on . Most recent reply

Medriand Arnold's profile image
Medriand Arnold's profile image
Medriand Arnold
  • Rental Property Investor
  • from Greenville, SC
  • Member since Dec 6, 2017
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28
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3
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Medriand Arnold's profile image
Medriand Arnold's profile image
Medriand Arnold
  • Rental Property Investor
  • from Greenville, SC
  • Member since Dec 6, 2017
Connect
Medriand Arnold
  • Rental Property Investor
  • Greenville, SC
3
Votes |
28
Posts
Buying & Selling Real Estate

My First Property, should I buy??

Medriand Arnold
  • Rental Property Investor
  • Greenville, SC
Posted
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?
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