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Updated almost 8 years ago, 01/19/2017
Would someone double check my numbers on this property for me?
BP community,
I'm looking at getting into my first rental property and have a duplex I'm looking at and ran the numbers and wanted to get another set of eyes on the deal.
The information is on the below link
Price - 195K
$5,000 repair
After repair, lets say 200K
Let's go 30 year mortgage
5% down payment
I probably would manage this property.
Duplex property - Deal or not?
Any insight would be helpful. I don't want to get into a deal if it's not worth it.
You can PM me if you'd be willing to share your thoughts on the numbers. Thanks
Have a great day!
Sean