Updated almost 3 years ago on . Most recent reply
Looking to Househack Duplex in Detroit
Hello everyone! Just submitted an offer for a duplex in Detroit - Bagley District Neighbor hood. It's listed at 160k with 6 bedrooms and 2 1/2 bathrooms. I've been looking for a deal for over a year now and this looks promising for my first househack. I'm currently 26 years old with a fiancee and it's been my goal to create passive income through real estate since I read Rich Dad Poor Dad in 2018. I'll post the listing here but any feedback or suggestions would be helpful. I submitted a FHA offer today and will be awaiting the listing agent's response soon!
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- Property Manager
- Royal Oak, MI
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@Deiontae Nicholas hope you have a good clause in your offer about FHA repairs, cause FHA appraiser highly likely to have a field day with this property.
You may want to start looking into an FHA 203k loan that will allow you to finance needed repairs.
For 203k you will need a licensed contractor to bid the repairs.
- Drew Sygit
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- 248-209-6824
