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 11 years ago,

User Stats

86
Posts
3
Votes
Ivan Roberts
  • Tacoma, WA
3
Votes |
86
Posts

Duplex help!

Ivan Roberts
  • Tacoma, WA
Posted

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