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Updated almost 9 years ago,
Duplex with great cash flow
I have the opportunity to purchases a duplex for 50k that needs another 20k of rehab. I am going to do most of the rehab work by myself and my team which it should only take 2 months to complete. My goal is to rent it section 8 which is going for $750-$800 in the area. I am looking for a partner to purchase the property with me and fund some of the rehab.
I have gotten the rehab quotes from contractors so the budget is higher compared to me doing the work by myself.
I don't want to see this property float away. I am willing to negotiate the terms and percentages, I am open to ideas.
Let me know if anyone is interested.
Thanks everyone!
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