Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

14
Posts
0
Votes
Jonah Walker
0
Votes |
14
Posts

First Time Investor- Duplex

Jonah Walker
Posted

The property is listed at 189,000. My realtor thinks I can get it for 180k and have them pay closing costs. I'd be doing an FHA loan. The rent right now is $850/e. Both tenants are month to month. One is good on payments, one is delinquent. I would keep the one in good standing and move into the other unit. I would sign the one tenant for a year lease at her current rate, and then after that year, bring the price up. The average rent in that area for a 2-1 is $900-$1100. It isn't in the greatest neighborhood. The insides are very nice, the outside could use some work, but I'm a handy man, so that's not an issue. There's not crime, just all older homes. Eventually, I would move out and rent both sides.

Really just looking for some input, advice, etc.

Loading replies...