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Updated over 11 years ago on . Most recent reply

User Stats

16
Posts
1
Votes
Adam Moyer
  • Investor
  • Appleton, WI
1
Votes |
16
Posts

Best way to finance this purchase

Adam Moyer
  • Investor
  • Appleton, WI
Posted

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.

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