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Updated over 7 years ago,
First owner occupant Duplex: Deal or No Deal?
I am looking to purchase my first owner occupant duplex in Hampton Roads area. When I run the numbers it feels like I'm missing something. Could use some advice.
List price:180k
2b/1b in unit A and unit B. Listed as renting for 950 each. I would like to offer at least 20% off list but it is a new rehab so re agent says stay at list price (of course). it is in a good location and I would use fha financing putting payments at 1170 or so. This would only be for a year and then rent out both units.
Any thoughts as to whether offer list and if not what would you suggest? Is this a deal or move on?