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Updated over 9 years ago,
Should I take this deal?
I got a lead on a duplex. There is only one good comp in the area at $260K (sold 12/15), other comps are at $165-180K but they are condos w/o garages. Seller is willing to sell at $185K. I believe repairs to be about 25K, although seller believes it only needs 15K in repairs. He also has renters in unit and I don't know terms of the lease. What should I do?