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Updated over 11 years ago,
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