Looking to buy a duplex

[Patrick Higgins]

Hey, I am looking to buy a duplex in an up and coming neighbourhood, price is $475,000. My biggest issue at the moment is the lack of downpayment capital. I am looking to raise capital for the purchase of the property, I have all numbers and info available for presentation if anyone is interested, thank you.

[WKL David]

Hi Patrick Higgins :

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[Admin]

You have two options... You can live in one of the two units for 12 months after purchase. This allows you the FHA option with only 3.5% down payment. The other option is to put 20% down and then rent out both units for monthly profit. How much money do you have for down payment right now?

[Patrick Higgins]

I have around $5k cash so far. which is far from enough for a downpayment required. My main goal right now is to get my first rental property and rent all units out. I have found what I believe are deals for bigger units aswell. Although I figured I should start small and scale from there, also thought it may be easier to connect with investors if I start small rather than try and present them a big unit building as my first property. I am all ears on any opinions you have.

[Alex Williams]

Sent you a DM With information that may help when you are ready to purchase.

[WKL David]

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