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Updated about 9 years ago on . Most recent reply

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6
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Casey Millspaugh
  • Fort Smith, AR
2
Votes |
6
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My first duplex purchase

Casey Millspaugh
  • Fort Smith, AR
Posted

I'm 30...and I have been living in apartments since I was 18. Found a 2 duplexes for sale by the same owner. Listed at 190k they are 3 bed 2 bath build in 2007 and rent is $825 on both sides. Great shape, great location. I jumped on it quickly and he accepted 175k. I needed 20% down which was like 24k and could only come up with 10k so the bank gave me a line of credit for the additional 14k needed on the downpayment. With everything including escrow I am making $550 a month in profit. My only with is that I had bought both of them... 

Most Popular Reply

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2,317
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1,908
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Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
1,908
Votes |
2,317
Posts
Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
Replied

@Casey Millspaugh

That is awesome.  You are now in the game.  Turn that wish into a burning desire and you will quickly find the next.

Congrats

Gino

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