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Updated about 6 years ago on . Most recent reply

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Derrick Jared
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Real Estate Deal Analysis & Advice

2BR/ 2BA Duplex Analysis

Derrick Jared
Posted

Hello BP Community. I am completely new to the Real Estate Investing. I would like your opinion on a Duplex property I am considering. Both units are 2BR/2BA in a well established area. The units are each 1228 sqft. The orginal asking price was $225k and I was able to negotiate to $210K. I plan on living in one unit and the other unit is currently rented at 970.00 per month. At 3.5% percent down with a FHA loan is it worth the risk?

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