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Updated about 4 years ago,
4-Plex purchase w/ less than 15k OOP?
Is my math correct? i've plugged a couple examples into the calculator? If i can purchase a distressed 4-plex for about 250k, with hard money loan and put 50k into rehab and its ARV is 230-240k it looks like i can do it w/ less than 15k OOP after i refinance? Has anyone ever done something similiar to this? Is it possible to raise the value by 90k or am i dreaming?