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Updated over 2 years ago,
Buy or pass on TX duplex deal??
Hello all,
Putting in an offer on duplex- would love feedback! (Each is 1bed1bath)
**I am OOS so will pay premium on PM/ lawn management etc
approx 6% rate
162K Total, DP 24.3 K which is 15%, seller pays all closing costs. (30 year conventional loan)
Both units are completely redone.
i will have to furnish appliances (refrigerators, stoves, W&D) for short term rental. Great curb appeal.
can SAFELY expect approx 1200/ unit per month (I am furnishing both units for short term rentals- approx 10K total). In hot market could get 1600/ unit.
Deal or no deal?
would you pay for closing costs on top of all this? (5-10k)
thank you all!