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Updated over 7 years ago,

User Stats

13
Posts
1
Votes
Ashish Agrawal
  • Wilmington DE
1
Votes |
13
Posts

Duplex Advice: gross rent at 1% of sell price

Ashish Agrawal
  • Wilmington DE
Posted

Hi - can i seek some advice if below is a good deal to pursue:

Duplex for $230K turnkey : rental details 2 units together gross rental $2K/month. Tax ~2.5K

I read some about 2% rule -- it does not seem to qualify that rule but then i have not found any that meets that rule. Is that possible only for section 8 houses that are below 50K? 

any advice on : if above house makes sense or not will be appreciated

Ashish

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