First deal, good or bad?

[Chris Wood]

I bought a duplex this summer for (was going to list at 129k, before we started negotiations) 115k, rent is 600 for each side.  Also seller paid half of closing costs. No vacancy (one unit has a 4 yr long term tenant, and other side has new 1 yr lease) and plan on doing my own property management as well as repairs.  My loan was 30 year fixed at 4.5%, with 25% down.  My payment is 660 and my insurance is 900 year.  Please let me know how I could have done this deal better! 

[Elizabeth Colegrove]

It looks like you did a good job, but honestly there is really no way to know without knowing your area. If from now on all the houses are going for $100 you could have done better, if they are going for $150k you did awesome.

Personally ever deal we have done has been better than the first. The key is not to dwelling not the past but learn from it and move forward. Biggerpcoekts is an AMAZING site! At the same time it has people from all over the country talking about different markets. You can't compare yourself to anyone but your market. We get don't foliow any of the rules but do very well based on follow "our" business plan!

Hope this helps!