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Updated almost 8 years ago,
First Property under contract
Duplex in Central, la for $142000
3bed/2 bath - 1200 sq ft each
Recently renovated. New floors, new roof, new paint, etc.
Was renting for $850 per unit previous to renovation. Seller says other simliarlyupdated unttis are renting for $1000 a unit. I confirmed this via a serch on craigslist as well as with a property manager that has other units in the area. They are renting for $1000 each
Verified property taxes with seller
insurance is an estimate
rates are locked in with a commercail loan - don't qualify for FHA
maintenance is at 10% of rent
Missing anything here?