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Updated almost 8 years ago, 01/09/2017
Offer accepted on first duplex!
Excited to say we have an offer accepted on our first investment property. We have a goal of buying 3 properties this year and just got the offer accepted on first one. A duplex.
The deets:
Asking 179900
Paid 171500.
$1,800 gross rent. Tenant pays all utilities.
$975/3 bed unit 1.5 bath.2 car garage(rent can be raised 50 dollars)
$825/2 bed unit. 1.5 bath. 1 car garage. (Rent could be raised 25 dollars)
15 percent cash on cash return year one.
Oh and I'm a real estate agent so I get paid 3 percent on it too:)
Wish us luck!