VA loan for duplex in ogden

[Jeremy Robinson]

This has been frustrating. I put in many offers and kept getting overlooked as I am using my va loan to buy, I finally got a duplex under contract but have some absurdly stubborn sellers. Well I got my inspections done and now my appraiser says he is having troubling proving value as there are so few duplexes in ogden, and none that have been a 1999 built house like this one. Also the back patio has to be torn out and re poured as he is afraid it's 3 inch settlement, that he calls 6 inches, will ruin the slab the house sits on. The sellers will probably not agree to fix this, they are rediculous, so I will have to do this if I can manage to get the va to approve. The cap rate is lower than I wanted, .7%, but with both units rented it is cash flow positive by around 450 a month, andiam going in with zero down. I'm starting to wonder if I should cut my losses and run. Multi family inventory is almost non existent in the sub 225,000 market here though, I'm worried I won't find another deal!