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Updated over 3 years ago,

User Stats

24
Posts
11
Votes
Thomas Lowe
11
Votes |
24
Posts

Advice needed for duplex purchase

Thomas Lowe
Posted

I’m located in the Midwest. Looking at a duplex in a C/D class neighborhood. House is pretty beat up. Built in 1895. It is currently rented with both sides occupied. Total rent 1900 a month. Asking price $99,500. Obviously, cash flow is very good. I will be using property management. This will be my first property.

I was considering making an offer contingent upon inspection as well as verified rent roll.

A few of my concerns are:

Will this be a major headache and not worth it?

Also, I am a physician and a little worried about personal liability.

Thanks for your input!

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