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Updated over 4 years ago on . Most recent reply

User Stats

56
Posts
8
Votes
Joseph D Chapman
  • Rental Property Investor
  • Greeley, CO
8
Votes |
56
Posts

How to buy my first duplex

Joseph D Chapman
  • Rental Property Investor
  • Greeley, CO
Posted

What’s up everyone!

I'm looking into this duplex that previously burnt down and is now a new build. They were asking 500k for it, Now it's down to 475k. I'm thinking of selling my house, (we'll make a pretty good profit selling it) and I was going to use my VA loan to purchase the duplex with zero down. Then have the money that we make from selling our house for reserves. If the number add up (on BP Calculator) I would really like to buy it. I just don't know how to analyze the deals I come across. I'm going to start analyzing a deal-a-day but I would really like to get this duplexes.

I would greatly appreciate any type of feedback, thanks for your time.

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