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Updated over 9 years ago on . Most recent reply

Sean Daves's profile image
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Sean Daves
  • from High Point, North Carolina
  • Member since Apr 25, 2012
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Sean Daves
  • from High Point, North Carolina
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Sean Daves
  • High Point, NC
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Real Estate Deal Analysis & Advice

Is this a deal?

Sean Daves
  • High Point, NC
Posted

The property is a duplex each unit is 1 bed 1 bath, was recently renovated. Both units are recently rented at $395/month.  Sounds like turnkey but nothing about it being rented or cash flow in the listing.  Its listed for 25k.  Taxes are $417/year.  And buyer willing to pay 2k towards closing.  What other information do I need to analyze this deal.  

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Jay Hinrichs
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  • from Lake Oswego OR Summerlin, NV
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Jay Hinrichs
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  • from Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

getting a mortgage will also be tough not many like to do sub 20k mortgages

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