Updating half a duplex…

[Zach Logan]

Hi everyone I have an interesting situation. There is a duplex on the market I really like. However one side is finish the other is gutted to the studs. If I got a conventional loan on the property my rent for the one unit would have me at about break even for the mortgage. I would not have the funds to update the gutted side it would cost me about 80k and I just don't have it. Would you still go after this property and wait till I build up more capital the fix it? This house would appreciate like crazy and once I had the money to finish the one side it would be a cash cow. So honest thoughts on this situation if it would be okay to not doing anything with the gutted side for a while and leave it.