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Updated over 7 years ago on . Most recent reply
Cash Purchase then ReFi for Rehab
Look for feedback on my strategy to pay $50k for an 11 unit multi family property that would generate a maximum gross monthly income of $4400.
Once I purchase to property I plan to do a quick refi for the approximately $75k needed to rehab to property.
Any recommendations on the strategy and options for the refi will be greatly appreciated.
Most Popular Reply
@Travis James where does one find a multi-family for $4.5k per unit $11k per unit rehabbed? I would partner/loan on that if such a thing existed outside of a war-zone. Feel free to PM me the details and I'll take a look at it.