Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Our first time analyzing a property. Help!
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!
*This link comes directly from our calculators, based on information input by the member who posted.