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Updated almost 6 years ago,

User Stats

220
Posts
360
Votes
Byron Scott
  • Rental Property Investor
  • Villa Rica, GA
360
Votes |
220
Posts

Finally got my first deal going... Take a look

Byron Scott
  • Rental Property Investor
  • Villa Rica, GA
Posted

I finally got a deal! I'm in the process of completing my first deal. It is a duplex. I'm doing a fha 203k loan. I'm going to live in one side and rent the other out. I want to get some thoughts from others. Purchase price is 63k. In rehab I want to stay below 80k. I'm turning a duplex with 2/1 and 1/1 into two 2 bed 1 and 1/2 baths. They are popular in my area and rent for 800-900. I am a newbie and need as much correction as possible. I put my numbers below. Let me know what you all think. Thanks!

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