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Updated over 3 years ago, 07/01/2021
80% LTV on Multifamily
Hello,
I was hoping to learn from any one who may have been doing the BRRR model on multifamily properties (4 units). Specifically around doing the finance piece. I know Multi family vs. Single Family homes ARV calculations differ based on the units income. But, ultimately trying to learn more about:
-What is the best way to calculate the ARV with or without tenants (since we want to cash out refinance immediately since we will be using OPM) and it be imperative to refinance asap.
-Is there any difference in seasoning periods?
-Do you need to be prepared for longer holding costs when doing a BRRR on a multifamily vs single family?
- Is there any differences in the % value you can cash out?
- Do costs differs?
If any one has experience conducting these type of deals or experience in financing them it would be great to hear from you.
Thank you for your time.