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Updated over 6 years ago, 03/27/2018
2% North Texas Duplex?
I am a new investor looking for my first deal. I'm a licensed realtor so I'm using the MLS and also marketing on my own using online ads. I wanted some advice on the following deal:
List Price: $56,000
DOM: 114 with no price reduction
Repairs needed: roof and pier and beam foundation leveling (estimated 15k)
Expenses: Insurance $769 Taxes $1571
One side of duplex rented at $600 (long term section 8) and the other side it vacant.
Due to the days on market on repairs needed I'm considering offering $45,000. Any thoughts or analysis on this deal would be greatly appreciated.