Building a Duplex in Denver

[Kevin Brown]

I would like to get some feed back on my initial thoughts of getting into the real estate investment business specifically in the Denver metro area.

I would like to purchase a single family home, demo it and build a duplex, with the intent of living in one unit for a period of time. Long term I’d be looking to hold this property and repeat the process.

I currently have a full time job working in the construction industry managing large infrastructure projects, so I’d like to think that I could manage the construction outside of my full time job. Assuming I have access to the funds for a down payment on the single family home and 20% for a construction loan, would this be a good investment of my money or am I better off using it differently?

Obviously the initial purchase of the single family home and cost of construction has the biggest impact on the overall success of the investment but what other things should I be aware of?