Building a Duplex

[Steven Ruddell]

I'm a first time home buyer in the Boise, Idaho market and want to purchase a Duplex as my 1st property.  In my area, there aren't a lot of duplex on the market and I was presented with an opportunity to build one.

I was curious as the what the pro's and con's are.

I know that I can purchase an existing one using FHA and not sure if I can build one. I can use FHA for a new constructions single family so I don't see why it would be a problem.

Any advice would be great.

[Rob Harris]

In short....

Run the numbers. Cost of new construction vs buying existing. 

Evaluate location and probability of appreciation and desirability of each location. 

New construction should mean In the  short run you can run a tighter cap-ex account vs buying aged/older properties....

Good luck!