All Forum Posts by: Kyle Lewis

Hello,

I just recently bought some land for $50,000 and it appraised at $90,000. I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan

I’m a 19 year old in Jefferson county, MO. I’ve been wanting to get into my first house hack in this area and have had very little luck finding sellers for duplex-fourplexes and have came across the idea of building because a lot of the cosmetic work drywall, flooring, paint etc I can do on my own and save. Would this be a good idea to build a duplex or continue to look for a buy and rehab in this tough market.