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Originally Posted by XPorn
I may bid on a duplex that will cost about $215000
if I put $43000 down....that leaves a loan of $172000...and at 6.5% thats about $1090 a month.....taxes are $300 a month...
Rents = $1600 a month....
Leaving about $200 extra per month for insurance and lawn work/water bill....
Worth it???
XPorn
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Much depends on the current condition of the duplex and the real estate market in that neighborhood. If it's in excellent condition and requires no repair, maybe. You've not left yourself a whole lot of room for improvements or disaster with this investment property.
Red Bull For Everyone.
Brad