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Updated over 6 years ago,

User Stats

9
Posts
1
Votes
Markesha Smith
  • Realtor
  • Minneapolis, MN
1
Votes |
9
Posts

Our first time analyzing a property. Help!

Markesha Smith
  • Realtor
  • Minneapolis, MN
Posted

My husband and I recently found a duplex to invest in and would like someone with more experience to look things over to see if we're missing anything. To us, it looks like a great deal but it will be our first time investing and we're feeling a bit nervous about going for it. We will be using a HELOC from our primary residence to cover the down payment. One thing I noticed on Redfin in the sale history is the property was listed in April / Contingent on Inspection and did not sale then was relisted. Again in May / Contingent on Inspection and did not sale then was relisted. Is this a red flag? If so, How should we approach this... will we lose money doing another inspection or is there a way to see what was found during the previous inspections? Thanks in advance!

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