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Updated over 15 years ago,

User Stats

120
Posts
7
Votes
Michael Seutin
  • Real Estate Investor
  • Vallejo, CA
7
Votes |
120
Posts

I am about to complete my 3rd deal, thoughts?

Michael Seutin
  • Real Estate Investor
  • Vallejo, CA
Posted

I got this duplex near dallas. Cost me $135.500, tenants are already placed and total rents are $1775 a month. I have seen the property and the tenants, property looks great, tenants take good care of it.
I am putting 25% down payment, so I will cash flow pretty good, probablay over $500 a month even after some maintenance.
Now I know it doesn't fit the 2% rule but none of the properties in dallas fort worth did (not the ones I have seen).
Do you guys agree with me that this is a good buy ?

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