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All Forum Posts by: Account Closed

Account Closed has started 6 posts and replied 17 times.

Post: My first duplex

Account ClosedPosted
  • Statesville, NC
  • Posts 18
  • Votes 1

Yes im sure there is. i will still lose money on the inspections and appraisal. It may be a blessing in disguise. 

Post: My first duplex

Account ClosedPosted
  • Statesville, NC
  • Posts 18
  • Votes 1

Well everyone i have some heart breaking news... i found a very nice duplex that was going to be owner occupied and rent the other half out. Everything is set to close on the 23rd.  Just got a call from the bank today saying it did not appraise  for what we agreed to. Ive got a lot of time and money in this deal hopefully we can get something worked out....

Post: Buying my first duplex

Account ClosedPosted
  • Statesville, NC
  • Posts 18
  • Votes 1

Yes i will be using a fha loan. 

Post: Buying my first duplex

Account ClosedPosted
  • Statesville, NC
  • Posts 18
  • Votes 1

realtor said they have a 1 year lease and it is up in January. When i purchase the duplex will that break the lease? 

Post: Buying my first duplex

Account ClosedPosted
  • Statesville, NC
  • Posts 18
  • Votes 1

Hey everyone im buying my first duplex. It is already 100% occupied.  This is also my first investment. After closing i will have to remove a tenant. I will be living in one side of the duplex.  Any advice on getting the tenant out. 

Post: My first investment.

Account ClosedPosted
  • Statesville, NC
  • Posts 18
  • Votes 1

Thanks!! I want to keep growing and see where this takes me.

Post: My first investment.

Account ClosedPosted
  • Statesville, NC
  • Posts 18
  • Votes 1

Hey everyone im 22 year's old and im in the process of buying a very nice duplex. This will be my first investment so it has been very stressful.