Updated over 12 years ago on . Most recent reply
Opinion of first deal please.....
Looking to buy a duplex, both sides currently rented at $625 per mo. We will be putting $20K down and financing $65000. I will manage the property myself. Payment, insurance, and tax total $6000 per yr. If I am applying the 50% rule correctly, that means $1500 per year cash flow. Have I got that right? Does it sound like a decent deal?