Duplex... Impossible? I am being told so.
I have been looking for duplexes. I have been working with a real estate agent that always find a way to discourage me or tell me how impossible it is to get financing for a duplex with FHA? is that right? is it impossible? should i look into conventional loans only? or is it time to find a different real estate agent? Am i being unrealistic when i am trying to find something tat will be a good investment that could be purchased with low down payment (3-3.5%) and fha?Please help! I don't want to get discouraged when i am just now getting started.
Most Popular Reply
Honestly the second a real estate agent tells me that I can't do something, it's time for me to find another agent. Not only is it possible, it's the best way to start out. I had an agent one time tell me that I shouldn't even tour a house because I'd never get it financed. It turned out that she didn't want to meet me at 0700 to tour the property, so I fired her, toured the house the next morning at 0700 with an agent that didn't mind getting out of bed, and had the contract out by noon. Go find yourself a new agent and kill it. I hope that helps.
Regards,
- JM