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Updated over 2 years ago,
Buying property in Missouri.
I’m in the process of purchasing a duplex in Columbia Missouri (zip code 65202). It needs a decent amount of work, and I’m buying the property as is. Both units are occupied, and there will be positive cash flow. My purchase price is $100,000 and the home inspector gave the duplex a grade between a C- and B+ and it was built in 1972. The property has not been appraised yet, but I believe I got a deal. The seller was asking for $115,000 but I stuck to my offer. Does anyone think I overpaid for the property?