Pair of duplex properties

[Joey C.]

Hey all,

Pair of duplex properties, nice small town, rentals are hard to come by, properties need quite a bit of work, off market but owner said he would sell them for $90,000 as a pair. One unit is empty because it needs complete reno and others are rented well below market rent but they are bringing in a total of $1,200 a month as of now. Once renovated would bring in $2,100 total-conservatively, they are all at least 2 bedrooms... I am a contractor so the work Is not a problem. I already own two duplex properties so I know the game- just reconfirm my brain that this is too good of a deal to pass on right?! Only hang up could be funding them, DTI is high because I run my own construction business, the rentals, and just built my own house 3 years ago,Credit is above 800, have down payment though just not sure of the best route to take on it. Also banks will not want to fund them with the shape they are in i am guessing.