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Updated almost 11 years ago on . Most recent reply

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Doug Koffler
  • Leechburg, PA
0
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5
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1st potential rental, Duplex

Doug Koffler
  • Leechburg, PA
Posted

I am seriously looking at this as my first real estate investment.   I have only been reading & learning for a couple of months, so I definitely still have a lot to learn, but this appears to pass the first look test.  It is a duplex in a small suburb of Pittsburgh.  They are asking $35,000.  Both units are 3 bed, 1 bath.  Monthly rents are $1,100 total.  Taxes around $2k.  Newer roof, windows, etc.    Thoughts?  What other questions, information should I be asking about?  Thanks!

Most Popular Reply

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139
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72
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Ewa Reza
  • Real Estate Agent
  • Los Angeles, CA
72
Votes |
139
Posts
Ewa Reza
  • Real Estate Agent
  • Los Angeles, CA
Replied

Are the rents at market value? Have the tenants been there for a long time? Will you anticipate any vacancies? What are other costs (water, trash, maintenance, etc)?

Although compering it to my market here in SoCal without knowing all these it's already a crazy good deal.

  • Ewa Reza
  • Loading replies...