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Updated over 3 years ago on . Most recent reply

Jeff Brown's profile image
Jeff Brown's profile image
Jeff Brown
  • Rental Property Investor
  • from Lafayette, LA
  • Member since Jul 13, 2017
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User Stats

11
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1
Votes
Jeff Brown's profile image
Jeff Brown's profile image
Jeff Brown
  • Rental Property Investor
  • from Lafayette, LA
  • Member since Jul 13, 2017
Connect
Jeff Brown
  • Rental Property Investor
  • Lafayette, LA
1
Votes |
11
Posts
Land & New Construction

Duplex - Rentals/New Con

Jeff Brown
  • Rental Property Investor
  • Lafayette, LA
Posted

I am new to real estate and I just purchased some property. I paid 60k for the property but I noticed that I am able to build small multi family on it. I would like to build a duplex on it and rent in the area is going for 1700 2/2 and 2200 for 3/2. It is in a great part of town and also has an excellent school zone. I would like to build a duplex on the property and after getting some rough numbers it would cost me about 380-400k. I would have to put 10% down.

Would this be a good investment? Any help is appreciated, thanks.

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