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Updated about 2 years ago on . Most recent reply

User Stats

54
Posts
24
Votes
Ryan Rock
  • Sacramento
24
Votes |
54
Posts

Multi family in reno

Ryan Rock
  • Sacramento
Posted

I'm looking at a 6 unit mf in Reno. I can swing the purchase price but might not be able to pay for light to medium needed rehab. 

Can I ask here if someone is interested in putting in sweat equity to own a stake in it? 

I'm also open to someone who would like to invest, although i will be the biggest investor. 

If this is not allowed please delete.

Most Popular Reply

User Stats

54
Posts
24
Votes
Ryan Rock
  • Sacramento
24
Votes |
54
Posts
Ryan Rock
  • Sacramento
Replied
Quote from @Greg Kasmer:

Ryan - I would second Gino's suggestion. I would check with regional banks/credit unions as they typically can provide funding for the purchase as well as rehab. Of course, the terms vary, but I would think you should be able to find a bank/credit union willing to offer 70-75% LTV on the purchase and rehab. Good Luck!

Yes I have considered a loan, but have not looked into it yet. Thank you and Gino for the idea.

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