New-Construction Duplex Builder · Greater New OrleansBuild the Asset.
Keep the Wealth.

Turnkey duplexes for investors, house hackers and veterans, permitted and built by one licensed firm.

Turnkey construction
$322,000
Living area
2,496 sq ft
Each unit
3 bed · 2 bath
Recent appraisals
$405K–$412K
The Spain duplex model, delivered by Investment Property Builders
Case study · Delivered July 2026

One Spain,
from lot to lease.

What it cost and what it earns
Lot$46,000
Site work: tree removal$2,800
Turnkey construction$322,000
Total cost$370,800
Appraised at completion$412,000
Equity created+$41,200
Rent, two units at $1,900$3,800 / mo
Leased3 and 5 weeks
Gross rent ÷ total cost12.3%

One delivered project. Appraisals are set by licensed appraisers and depend on the lot and the market; one project does not guarantee another. Addresses are not published.

Underwriting tool

Run the Numbers.

Choose a model, a lot price, how you finance and what each unit rents for.

Model
$30,000Typical $40,000–$70,000$90,000
Financing
$1,500July 2026 lease: $1,900$2,400
5%Use your lender’s quote8%
Total project cost
Down payment ()
Monthly payment, all in
Gross rent ÷ total cost
Equity at a $410,000 appraisal

An estimate, not an offer. The payment includes principal and interest, FHA mortgage insurance (upfront fee financed, VA funding fee financed) and about $765 a month in taxes and insurance on a $372,000 project. $410,000 sits inside the range our last three Spains appraised for. Your lender, your appraiser and the market set the real numbers.

Review my numbers with CJ
Why duplexes

The math of two doors.

Two incomes, one roofMonthly rent, July 2026 lease
One unit$1,900
The duplex$3,800
Less money downTypical minimum down payment
Investor loan20–25%
FHA, you live in one unit3.5%
VA, eligible veterans0%
Value above costThe Spain, delivered July 2026
Total cost$370,800
Appraised$412,000
Track record

A record you can check.

Our last three duplexes, appraised by licensed appraisers after they were finished. We publish the range, not the best one.

Years building
14
Projects completed
200+
BBB rating
A+
Google · 58 reviews
5.0
DeliveredModelAreaAppraised
Feb 2026The Spain2,496 sq ft$405,000
Jun 2026The Spain2,496 sq ft$406,000
Jul 2026The Spain2,496 sq ft$412,000
Past appraisals do not guarantee a future one. Addresses are not published, by policy.
Available opportunitiesBuildable lots, shared privately.
We find buildable lots for our clients. The current list is sent after a consultation.How we find a lot →
Request the list
Learn with CJ

Straight talk
from the builder.

Short lessons on financing, building and renting, from the people who build the duplexes.

Meet the builder

Why Investment Property Builders

CJ breaks down how our turnkey model works, from finding your lot to collecting your first rent check.

Investor education

2 Huge Year-1 ROI Advantages

The two ways a new-construction duplex pays you back in its very first year, explained in plain English.

Start here

Why Invest With Us

Lesson

Why New Construction Is Smart

Lesson

Top Risks & How to Avoid Them

Client case study

Stephen Agans’ Results

Featured lesson

Instead of BRRRR, Try B(Build)RRR

The Baja duplex model by Investment Property Builders
The Baja
The firm

The builder is
the developer.

Investment Property Builders is the investment division of DuCar Construction, LLC, a licensed general contractor in New Orleans since 2012. One firm finds the lot, builds the duplex and can manage it after.

CJ Carr
Founder · Investment Strategist
Angel Duran
Founder · General Contractor
DuCar Construction →
Common questions

Questions,
answered.

How much do I need for a down payment?
It depends on your loan path: FHA can be as little as 3.5% down for owner-occupants, eligible veterans may qualify for 0% down with a VA loan, and conventional investor loans typically require 20–25%. Not sure where you fit? We'll connect you with trusted loan officers at no cost.
What exactly does the $322,000 turn-key price include?
The complete construction of our signature 3/2 + 3/2 duplex (2,496 sq ft, two stories) — turn-key, with plans, permits, survey & builder package included. You only add the lot, which typically runs $40k–$70k in our service areas. And here's the good news: you don't need to bring the lot money in cash. With your down payment and pre-approval, the lot may be financed right into your loan along with the construction, subject to lender approval. Don't have a lot? We help you find one.
Can rental income from Unit B help me qualify for the loan?
In many cases, yes — lenders can count a portion of the projected rent from the second unit toward your qualifying income on a duplex purchase. Our loan officer partners specialize in exactly this. Ask us at your consult.
I'm not pre-approved with a bank yet. Is that a problem?
Not at all — it's where we shine. We have strong relationships with banks and loan officers who know new-construction duplex financing inside and out, and we'll connect you to get pre-approved quickly.
Do I have to manage the tenants myself?
You have options. Most of our clients hire a local property manager — and we're happy to refer you to trusted ones we know deliver. For investors committed to building a serious portfolio with us (10+ doors), exclusive in-house portfolio management may be available by application. Ask at your consult.
Is insurance really lower on new construction?
New builds meet current wind-rated code, which in South Louisiana can mean meaningfully lower premiums than aging housing stock — plus a builder warranty older doubles simply can't offer. We'll help you get real quotes during your consult.
How long does the process take?
Every lot and permit timeline is different, so we don't give one-size-fits-all promises. Construction itself runs about six months once we break ground; what moves the total is the lot, the permit and your financing. What we do give you: a written timeline at your consultation, clear milestones, and updates at every stage — full transparency from day one to keys.
I'm a real estate agent — is my commission protected?
Absolutely — and we mean it. Bring your client and we pay agent co-op on our builds, just like a traditional sale. Register your client with us at the first consult and you're covered from day one. We built this program because we want agents and brokers on our team, not on the sidelines. Ask us about our current co-op rate.
Do you build triplexes or fourplexes too?
Our signature model is the 3/2 + 3/2 duplex — but if your lot and your goals call for a triplex or fourplex, bring it to your consultation. We evaluate small multifamily projects case by case and will tell you straight whether it pencils out.
Where do you build?
Across Greater New Orleans: New Orleans, Metairie, Kenner, Covington, Mandeville, and the Westbank — focused on high-demand rental corridors where new small multifamily leases fast and holds value.
Schedule a consultation

Build Your
Next Asset.

Consultations are booked at least 24 hours ahead. Se habla español.

  1. 01The consultationYour goals, your budget and the strategy that fits.
  2. 02Lot, model and financingWe help you find the lot and line up the numbers with your lender.
  3. 03Build and leaseAbout six months of construction, then the lease-up.
Visit638 Papworth Ave., Suite C
Metairie, LA 70005
HoursMonday to Friday, 8 AM to 5 PM
Book your free consultationLive calendar
Questions? Chat with us 💬

Where we build

Greater New Orleans, parish by parish

Permitting, flood zone and zoning work differently on each side of this metro. Pick where you are looking and we will tell you what it actually takes there.

See the six signature models →  ·  What it costs to build →