Duplex, How did I do ?

[Chris L.]

Just signed a contract on a duplex for 42,000. It is a HUD forclosure. I'll put 15,000-20,000 into it roof, gutters, ac linesets, some plumbing, paint and flooring, ect. Its on a nice street in a decent area. Rents at least 750 each. Taxes under 1000yr. Insurance around 600yr. Water 100 a month. Each unit has its own hvac. Large 2bd units, building is 3400 sq ft. total.This is my third duplex. I pay cash then finance after I fix it up and get it rented, then on to the next.