Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 13 years ago on . Most recent reply

User Stats

13
Posts
0
Votes
Chris Nwoke
  • Marietta, GA
0
Votes |
13
Posts

Interested in Making a Deal on a Duplex

Chris Nwoke
  • Marietta, GA
Posted

Found this listed just a few minutes ago. It's a duplex in Atlanta listed for $99K. Here's the rundown on the financials:

"Rent Income:
$1570/month, $18,850.00/year. That include $100 water bill that I collect from 2 tenants.

Expenses:
Yearly Property Tax: $146.76 unbelievable!
Yearly Solid Waste bill: $76.14!
Insurance: $425/year!
Water Bill: Average $80/month, $960/year
Total: $1607.90!
Final Income: $17242.10/year!!!!"

3bd/2bt, newly renovated (the pics look really nice). And it says he's selling due to an emergency. Wasn't specific, but must be somewhat of a motivated seller.

Does this sound like it's worth pursuing? I'm guessing that my best bet would be to see if I can get it a slightly lower price.

Loading replies...