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Updated over 8 years ago,
First MFH Deal - What should I be asking
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