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Updated about 5 years ago,

Salar Rouhi's profile image
Salar Rouhi's profile image
Salar Rouhi
  • Member since May 3, 2019
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Salar Rouhi's profile image
Salar Rouhi's profile image
Salar Rouhi
  • Member since May 3, 2019
Connect
Salar Rouhi
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3
Posts
Real Estate Deal Analysis & Advice

Looking at purchasing a specific property

Salar Rouhi
Posted

Hello,

I am looking at purchasing a duplex. They are both 2 bed 1 bath built in 1958. That are currently rented for 650 plus utilities. In the current market I should be able to get 850 plus but the renters have lived at this location for a while.

Price has been agreed on 195,000. I have no cash available but my house is paid off and was thinking about pulling from there. Tax is roughly 2300 a year.

Any suggestions? Good or bad deal?

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