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Updated about 10 years ago,

User Stats

38
Posts
7
Votes
Mike Mitchell
  • Brooklyn, NY
7
Votes |
38
Posts

rehabbing a multi-family

Mike Mitchell
  • Brooklyn, NY
Posted


I've listened to several of the rehabing podcasts etc shows 2,12,18,21 but no-one makes mention of rehabbing a multifamily. How does rehabbing a occupied multifamily (say 3-4 units) work if youre working on a timeline to pay back lenders in a tenant friendly state. I assume its going to take several months to get the current tenants out. Even with a cash for keys. This is not guranteed if the tenant does not want to move. Do you calculate paying a high enough amount that the tenant would move or do you calculate holding for holding for long enough to get the tenants out. In my area most houses are multifamily. Or are there anything else to do?

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