So I am self-employed and currently have no W2 income. I have found a deal that seems very intriguing on a duplex, and I wanted to hear opinions on how others would go about this deal if they were in my situation. There is an off market duplex priced at $215,000. 2,294 sq ft in total, 2 beds 1.5ba in each side of the duplex, 4bd 3ba total. I would estimate the property needs about 70k in rehab (conservatively, possibly less- I have not seen the property in person), and each side would rent at a minimum $1,300/mo. I guess I am wondering at first if this is a good deal to consider buying, and how would the financing piece go without a W2 income, and needing money for down payment/repair costs. Any insight is greatly appreciated- thank you!
