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
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 12 years ago on .

Duplex help!
I am looking at a Duplex that I'm thinking about purchasing.
Lots of potential in this two unit property! Has a detached two car garage. May qualify for buyer`s choice home warranty. This property is eligible under the Freddie Mac First Look Initiative.
They are asking $33,000 for it, and I can probably talk them down to $30,000 or less. Rent on the two units total. GRM on the property is 3.125. It looks decent, but needs some minor work done. I'm scared to purchase because I'm not sure if its a good deal. Also. It's in another state. Any advice?
Thanks