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Updated almost 10 years ago on . Most recent reply

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Keith Brewer
  • Greensboro, NC
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My first duplex?!?!

Keith Brewer
  • Greensboro, NC
Posted
I'm new to BiggerPockets and enjoy reading all the discussions about what people have to say about there experiences. I currently have 4 rental properties and they are doing really well. I'm very close to purchasing my first duplex. All the numbers look great, but there are 2 concerns. First is that it's not in my ideal location I would prefer to have it in. Second is I don't expect to see much appreciation on this property over the long haul. It's a duplex 3 bed - 1 bath on each side. Purchase price is $59,900. Taxes are $1350 year. The duplex right next door is the exact same house and sold for $90,000 five months ago. The property needs about $5000 in upgrades and cosmetic repairs. For the area we believe we can get $550-$650 for rent each side. Is there any advice you guys can give me that I might be over looking? I guess my biggest pull back is the area. I'm in NC by the way. Thanks Keith

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