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Updated about 2 years ago on . Most recent reply

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Rudy Burgos
  • St Paul, MN
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Any direction whether this is a good deal or not would appreciated!

Rudy Burgos
  • St Paul, MN
Posted

https://www.biggerpockets.com/...

112 Case Avenue Saint Paul MN 55117

Any feedback would be much appreciated! :) This is listed as a duplex but there are two separate structure on the lot. Each is its own unit. 

This will more than likely be my first investment property. Excited and very nervous 😳

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Tim Swierczek
  • Lender
  • Saint Paul, MN
1,622
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Tim Swierczek
  • Lender
  • Saint Paul, MN
Replied
Quote from @Rudy Burgos:

https://www.biggerpockets.com/...

112 Case Avenue Saint Paul MN 55117

Any feedback would be much appreciated! :) This is listed as a duplex but there are two separate structure on the lot. Each is its own unit. 

This will more than likely be my first investment property. Excited and very nervous 😳


Rudy, it depends on what your intended use for the property would be. If this is to be an owner-occupied home and it's zoned as a single family with an ADU you are good to go and this is an easy deal to finance for someone who works with house hackers. If this is zoned a duplex you are out of luck on any traditional loan type. Conventional, FHA, VA, will not finance two structures on one property if zoned a duplex. They do this only if it's a single family with ADU. If it's a non-owner-occupied purchase you will need a commercial lender. I can connect you with my wife who brokers this loan type. PM me if you would like to connect.

  • Tim Swierczek
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The Tim Swierczek Team - Gold Star Mortgage

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