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Recently, my real estate agent sent me what seemed like a solid duplex rental property. It’s being newly renovated, hits the real estate 1% rule, and is in an area I’m already investing in. Should I buy this rental property, or are there some hidden details of the deal that I’m overlooking? Today, I’m walking through a real estate deal that I’m debating buying. I’ll go through the real estate analysis, share my thoughts, and highlight my hesitations about going forward on this deal at its current price.
What would you do with this duplex rental property? I’m doing all the math for you so you can see what type of return this deal will provide, but would YOU buy it in its current condition? Does the location or quick renovation throw up any real estate red flags? Let me know in the comments below, and help me decide on this deal!
00:00 Should I Buy This Rental?
00:38 The Deal Details
03:21 03:21 Due Diligence
05:41 Cash Flow vs. Appreciation
10:47 Sponsor: PPR Capital!
11:23 Dave’s Decision
