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Updated almost 6 years ago,
Multifamily value add
What’s the best way to get rehab money for a value add on multifamily? I have been able to take down a 8 unit building that currently cash flows using seller financing, but now I want to do some rehab to value add the property and increase the rents. Any suggestions for how to find these funds? The building currently pays for itself on the cash flow which includes 500/month for maintenance and $1000 for cash flow. Is the only way to do it to use the money from the cash flow?