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Updated over 8 years ago,

User Stats

54
Posts
11
Votes
Carlos Gutierrez
  • Investor
  • Charleston, SC
11
Votes |
54
Posts

20 units need funding for????

Carlos Gutierrez
  • Investor
  • Charleston, SC
Posted

Hi,

Been on bigger pockets about 1 year and probably the 3rd time posting!

I'm looking at a 20 unit total Multifamily investment. Here's the kicker. It's not 1 building. It's a 6-plex fully rented all at $700, am 8-plex completely empty (needs about 8-10K per unit), a two triplexes fully rented at $700 each, so out of the 20 units 12 are rented and 8 need a full rehab which will rent for $750-$800 each.

Two questions:

1. Can I go with a traditional lender? Community or local bank? And if there's any private lenders here on this forum that would be interested in funding this deal?

2. How do I figure out what's it worth in its current condition and the ARV?

Goooo!

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