Your thoughts on multi-family rehab

[Freddie Williams]

I am looking at a property that needs rehab and currently vacant. I rehabs single families and with this opportunity I can considering stepping up to commerical. What I would like to do as some have done in residential is to purchase wholesale, rehab with cash and do a cash-out refinance after all work is completely and completely rented. My question is

- is this stragety possible,

- if so what is the time frame,

- and have anyone used this strategy for their commercial investments.

I am hoping this will increase my holdings and reach my financial goals in a shorter time period than residential. Residential terms is 6 months to a year before cashout refinance. I am wondering is this is the same for commericial.

Thanks in advance for your comments. Love this site.

God Bless and stay focused !!!

[Freddie Williams]

I'm sorry for not mentioning... it is a 6 unit, 2 triplexes. @Hadar Orkibi @Grant Rothenburger.

That awesome. @Matt Popilek What you described is exactly what i am looking to do. This property is empty and I believe it can be a great start for me. Owner wants 89k, needs about 10k to rehad, more like cosmetics. with a 9 cap, after NOI ARV is a little over 200k. I would love to do a 14 unit gut remodel... My question is the time frame to do a CASHOUT REFI, after repairs are complete.