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Updated almost 6 years ago,
First Deal! What do You ThinK/
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The average rents in this C neighborhood for a 2-1 and 1-1 are 1600 total which are currently renting at 1200 which we would raise each unit $100 each after the tenants move out. The roof is 5 years old and there are only AC wall units so capex should be low. We are under contract at $100,00 and I will be going to look at them during the inspection. Most of the comps for the area for 3-1 single family 1k sq ft are around 140k so I think we are buying at the right price. Any advice for a first timer during an inspection? Is this deal worth it? Thanks!