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Updated almost 3 years ago on . Most recent reply

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77
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Matt Sora
19
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77
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Indecisive on how to go about multifamily deal

Matt Sora
Posted

After reading and listening to multiple people and even talking with some people that I know over the phone that are involved very much involved in real estate. I have gotten a lot of advice on how to buy my first multifamily deal. I am stuck between buying a mostly turn key property that may need $5,000-$10,000 of rehab and being done or doing a BRRRR strategy on a property that will need obviously a lot more work, or even just trying to get a 203k loan for the $5,000-$10,000 rehab on my first example I gave and not having to pay that money upfront myself. I myself have the money to fund it on my own but just don't know if I should just put for it upfront anyway if I went with that first option. I know there can be a lot of pros and cons either way and was hoping for some more insight here. I really appreciate it.

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