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Updated over 8 years ago,
Duplex-Help analyze first deal
Hello fellow BP members! I am new to REI. I am looking to buy my first deal and wanted to know your opinions on this buy.
SW 13th St, Fort Lauderdale, FL.Duplex 3/2 on each side.
Priced at 264,000
Think I could rent it out somewhere around 2,200 a month
Looks like cosmetic fixes
Tried to do the calculator but I wasn't sure if I entered everything correctly.
I will be using a VA loan. No money down.
If someone could just help me analyze this deal please.
I think it would be better for me to rent both units out and pay rent somewhere else that is cheaper. I know I am suppose to be owner occupied with a VA loan but I don't think they really come knocking on my door asking if I live there or not. I could be wrong though.