Updated almost 5 years ago on . Most recent reply
Multiple Houses on 1 Property. Pros and Cons?
I am interested in a property that has 2 houses on one parcel. It is a cash only listing. I would like to purchase in cash and then cash-out refinance. Asking 140,000. Potential rent total $2,000. Both houses need some work on the exterior but look great inside. Thoughts?? Do lenders have an issue doing a refi on this type of property or is it considered a duplex even though they are not connected? Property is in NC