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Updated over 14 years ago on . Most recent reply

User Stats

108
Posts
13
Votes
Sammy Johnson
  • Homeowner
  • Dalton, GA
13
Votes |
108
Posts

please let me know if this is close to the 50/2

Sammy Johnson
  • Homeowner
  • Dalton, GA
Posted

i have found and placed bid on Duplex here local still waiting on financing tho from HML or PML
Please tell me if this fits the 50/ 2% rule if does show me how if don't tell me what does so i can get this pictured in my head to make solid investment choices as i get started thanks for all critiques

AS IS Value right now is 30 K per HUD Appraisal. Now I plan on getting for less than 20-25K. FMV from tax assessor is 57K Tax Assess appraisal is 67K now it needs 5-10k work but area rents are 450 for 1 BR and up to 650 for Two BR. I believe i can purchase and Rehab 35- 40K with ARV 80K and plans are to rent for each side 125 wk( A ) and 100 wk( B )as (A) has Washer and Dryer Hookup and (B) doesn't

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