Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
First Duplex...a few questions.
Here is a summary of the deal in front of me:
Duplex in Minneapolis, MN (investment property, I won't be occupying)
Purchase Price: $250,000
Rehab needed: $10,000
ARV: $300,000
Units w/ est. rents: 2/1 @ $1,400 & 1/1 @ $900
Available cash: $60,000
A couple questions (which may lead to more questions):
1.) What financing options should I be considering? commercial 20 yr w/ rehab funds? hard money and refi after repairs and renters are in place? something else?
2.) Should I be forming an LLC and buying as a commercial entity or is it okay to buy in my name for the first deal?
Thanks in advance.
Most Popular Reply
![Jordan Moorhead's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/342976/1647142305-avatar-jmoorhead23.jpg?twic=v1/output=image/crop=2400x2400@0x135/cover=128x128&v=2)
@David B. @Tim Swierczek has some awesome rehab loans.
2. I would form an llc and get good insurance but always consult a good attorney
- Jordan Moorhead
- [email protected]
- 512-888-9122
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/1559/1720622964-company-avatar.jpg?twic=v1/output=image/contain=65x65)