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Updated almost 8 years ago, 01/09/2017

User Stats

14
Posts
5
Votes
Brett Fine
  • Real Estate Agent
  • West Des Moines, IA
5
Votes |
14
Posts

Offer accepted on first duplex!

Brett Fine
  • Real Estate Agent
  • West Des Moines, IA
Posted
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!

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