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Updated over 8 years ago,
Anyone doing BRRR using commercial loan?
I've run across a property that has two 4 unit buildings on one property. (8 total). One building needs renovation.
Example:
If cash purchase price is 70K, renovation is 40K. I rent out all 8 units. NOI is say 25K.
If I buy all cash for the property and renovate - does anyone know a method to get my cash back out and secure a loan?