All Forum Posts by: Erica Gordon

Hope all is well @Erica Gordon! I recently bought a duplex in St. Louis using a Fanniemae Homestyle loan (very similar to the 203k, but a higher down payment). It took me about 5 months to find the right one. My advice would be to stay patient and be encouraged that the deal you’re looking for will find its way to you!

Btw I remember some PA CU offered the same. Req. is duplex must be in PA. So I guess it's for PA specific market.

@Erica Gordon I can send you a couple of realtor options in the area if you are interested

I looked at 10+ back in 2019 before an offer got accepted on my duplex. Tough market right now. Don't get discouraged! Every house you look at is more practice both evaluating properties in person and running the numbers to evaluate the deals! 

@Erica Gordon Have you looked for single-family homes that are zoned RM1? If you're planning to use a 203K loan, you could utilize the rehab money by converting it into a duplex. You can find a lot of RM1 zoned properties in parts of West Philly and Germantown within your price limit, yet still within an "okay" neighborhood.

@Erica Gordon Hi, I'm closing on my Duplex on 3-12. I was never intentionally looking for one. I'd see one here or there but all well out of budget for me. I was mainly looking for SFH's, but my realtor overheard a colleague talking in his office about a Duplex that he was about to list for a family member of his. Long story short, snagged an off market deal and couldn't be happier with the property at the price point we're getting it at.

So, to answer your question, I didn’t look for the duplex, it found me lol.

Best of luck in your search!