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Updated over 3 years ago,
Rehabbing or Solutions for Updating a Duplex?
I am under contract and about to close on a Duplex in a good area in Anchorage. I am curious if there are any hard money lenders or small ways to structure a loan for updating the property. One side has been updated and is 3br/1.5ba, I think I can potentially rent for $1900 according to market rents and Rentometer. My question is would it be smarter to rent that side and update the mirrored side that needs to be updated, slowly fixing things like maybe just doing the flooring before moving in, and then chiseling away at other stuff like countertops, cabinets, and bathrooms as I save?
It could use new siding and some landscaping, as someone new to this space are these things that aren't necessary immediately?
Thanks, Derek