Looking For Duplex In Phoenix Area Below Value! Good Neighborhoods Only.

I hope this is the right forum for this post.



I need a duplex under market value in the Phoenix, Mesa, or Scottsdale area where the income from 1 side pays at least 75% of the debt service (putting down 10%). And the utilities need to be split.



Must be in a decent neighborhood, no exceptions.



Hoping to find a something where I can negotiate a short sale (I know how to do that), foreclosure, or something in probate, etc.



Please send all leads to:

kima57 @ hotmail . com



Thanks!

Kim

[ Edited by kimander on Date 02/18/2007 ]

Comments(3)

  • leerjet6618th February, 2007

    What price range? I might know of a couple properties.

  • kimander19th February, 2007

    As little as possible, ideally under $200k. This is for my son.

    The rent from one side needs to cover at least 75% of the debt service, otherwise he could be better off renting. Ideally, the rent from 1 side would cover the entire payment.

    Example:
    If the property is $200,000, rent should be $900 each side.

    Maybe properties in the Phoenix area are still cheaper to rent than buy -?!

  • kimander19th February, 2007

    Oh, it needs to be in livable condition, but not necessarily completely remodeled.

    Anyone know of where I can find one discounted, please let me know!

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