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Updated over 5 years ago,
5 Units, now what do i do?
I am a bit of a new investor, currently have 5 units under 2 roofs, but have a 5 unit building I am eyeing and I am not exactly sure how to quickly BRRRR it to get my initial investments back. There are definitely some opportunities with the property (long term tenants=less than market value rents,owner pays heat,space to add additional bdrm in each unit). Id expect to have the turnover, construction cost and additional carrying cost for 6 months. Once turned over, when and how would i get my capital back? Any advice would be much appreciated.