Please review this investment opportunity

**housing** · 07-23-2008, 12:00 PM

I can buy a Duet (one unit of a duplex) in California for $120,000. I can rent it for a minimum of $1200/month. The unit is in move-in condition too.
I will be financing it with 20% down.

I might be able to get a SFH for about $120-130k. Should I wait on this unit and see if i can get something better? Or should i take this b/c it is a good deal and hope that i can afford the better units afterwards.

Thanks in advance.

**Greg** · 07-24-2008, 05:14 AM

If the numbers you quote are correct I would buy it myself. Make sure the property taxes and insurance don't mess up the numbers.

**wchua24** · 07-24-2008, 08:16 AM

well i also think that greg is right..base on what you has just said this is surely is a best buy..just make sure that all legal documents that support the house are all in..