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Updated over 4 years ago,
First rental property investment
Hello to all my BiggerPockets fam.
So I think I’ve come across a pretty good deal. I was hoping to get some insight from my BiggerPockets family.
This property is a duplex in Portsmouth, VA. Asking price is $90,000 BUT it's been on the market since 2018. Red flag I know. I've analyzed using the BiggerPockets rental calculator and it's showing fantastic numbers. The comps around the area are showing anywhere from 150-170 and the rents are at the lowest 750 to a high of 1195 (for both units after its fixed would net nearly 1100 a month. I still have a good bit of due diligence to do & I need to actually see the property and what's going on on the inside. (They did not show any inside pictures) another red flag.
Any insight would be great. Thank you.