New investor, I think I might have found a deal...

[Account Closed]

This is my first post on Bigger Pockets! Hello everyone! I am very new to all of this and learning a lot by attending TREIA meetings, webinars, reading books etc.

It's exactly what I thought would happen. I have analyzed so many properties that were not deals, that I don't believe the numbers (i.e. I think I'm doing something wrong.) when one comes out looking like a deal. I used the BRRR calculator.

It is duplex that is currently vacant and in pretty bad shape. I have more details on the numbers I used, but I am looking for a sanity/idiot check. Even if I don't go for this one, it would be great to know if I'm on the right track.

I'm looking at doing 10% down on the first rehab loan and then refinancing at the standard 20-25%.

https://www.redfin.com/NC/Durham/415-Dupree-St-277...