Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago on . Most recent reply

Best way to finance this purchase
So this would be my first purchase, hoping I could get some advice from some experienced real estate professionals.
I am looking to buy half of a duplex that seems like it is a great deal. It is a foreclosure and the bank is asking $81k. It has $20k-30k in estimated repairs. The other half of the duplex sold 2 months ago for $145k.
I currently have a down payment of $10k and am looking to purchase as my primary residence, with the possibility of renting it out down the road, as rents in the area go for about $1100.
What would be the best options that I have to finance this purchase? I have excellent credit and zero debt.