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Updated almost 6 years ago,
Help me analyze this deal
Hi Guys.
I've been looking through deals to purchase a duplex and I came across one that struck my interest. Here are the details:
1) listed for $239
2)Owner will carry
3) Units rent for $850 and $775
4) priced in line with market value
here are the financing terms: The owner has proposed 10% down, 7% interest, 30 year am, 3 year pre-payment penalty, non-assumable, if OMC buyer must pre-qualify with Traci Ranic, $450 fee through escrow, Setup and servicing fee to be paid by buyer.
What are your thoughts? I'm new at this.