Hi Im a newbie and started off thinking of rehabbing and flipping properties.
But my agent came across an REO duplex that needs repairs.
My question is how do I figure rents for a duplex like an apt or a house?Is there a way I could lease option each side to different tenants?
Or should I just convert the whole place to SFH and rent it? And then Lease option?
I’m trying to figure out if this is a deal and if so how should I go about it.
Publication Info
of Units 2
Building & Community Features
View City Lights View
Annual Financial Analysis
Gross Schd. Income $15000.00 Gross Operating Inc $14000.00
Operating Expenses $3000.00 Net Operating Inc $11000.00
Gross Multiplier $5.07 Water Source District
Lot # 12
Listing Price: $75,990
REO owned and transfer of title on close of escrow.
I know I need rent info but besides what can I do with it if I use a hardmoney lender?
Also,
I found a guy who wants someone to carry a note for a year and then purchase the property.
Could I do a lease option to him on a duplex?
Is there a potential deal?
Thanks for your time!