All Forum Posts by: Rick Baker

From what I understand, there is a process that includes paying for two surveys to get a unique plat for each side. Thanks for the note on splitting water meters and drains. May need to walk from this one although David Green was just saying that when you can, pay the money to split water off to make your rentals more profitable. 

I have an opportunity in a great neighborhood in Dallas and need to know if it is a good deal. This is a duplex in a desirable neighborhood with million dollar houses all around. The home is in good shape but a little dated but the house needs some foundation work. One side is rented for $1800 a month and the larger side is vacant. The duplex is 3871 sqft and there is an opp to sell the vacant side but continue to rent the occupied side. Comps show that the other side could sell for around $375k and I can get the both sides for $505k. Thanks for any insight you can provide.