2-unit purchase in York PA

[John Schmiesing]

Hey everyone,

Closing on my latest rental property in a couple weeks. It's a 2-unit in a good local school district and is ready to go. Should cash flow nicely at around $140/month/unit.

Unlike my prior purchases, this unit will not be owned by an LLC. I am using this strategy to get attractive amortization rate and better cash flow.

The seller has agreed to do my requested repairs so providing that goes well, it's another 2-units in the portfolio :)

Only work on my end is getting tenants and installing a furnace. The building has 1 furnace serving both units, although there there are two gas meters. So the only item needed to have completely split utilities (paid completely by the tenants!) is a new forced air unit.

wish me luck closing!

John