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Updated over 4 years ago on . Most recent reply
Looking to buy my first duplex
Hey Folks!
I found a duplex that I am interested in buying and here are the details:
Asking price is $185k in the MLS
Each unit is rented section 8 for $840
Taxes are $2900
Insurance is $1250
Looking to put 20%
From the pictures I would estimate it will needs about $20K for repairs/upgrades (needs new roof, 1 hvac and siding, cosmetic stuff)
Most likely it will go quickly in our market in NC
Looking to buy and hold for 10-15 years
-What would be your offer?
-What do I need to take into account in my calculations other than what I mentioned?
Thank you for your help