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Updated over 8 years ago,

User Stats

18
Posts
3
Votes
Mason Snyder
Pro Member
  • Rental Property Investor
  • Simpsonville, SC
3
Votes |
18
Posts

First MFH Deal - What should I be asking

Mason Snyder
Pro Member
  • Rental Property Investor
  • Simpsonville, SC
Posted

Hello all,

I live in Northern California but am investing in South Carolina. I'm looking at a MFH for my very first investment property - a duplex and a single family unit are on one property. They're asking $115,000 for all.

My realtor is showing my dad the place for me on Sunday. I have no idea if there's any work that needs to be done but I'm assuming there will be.

The two units in the duplex are currently rented at $500/each ($1000 total) and a tenant is moving into the SFH on the property at the end of the month and will be paying $700/month.

At first glance (without knowing the extent of any updates/repairs that the properties may need) this seems like a good deal.

What questions should my dad be asking or what should he be on the lookout for during the walkthrough on Sunday? and should I pay a GC to go as well?

Thanks,

Mason

  • Mason Snyder
  • Loading replies...