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Updated over 7 years ago on . Most recent reply

Ray J.'s profile image
Ray J.'s profile image
Ray J.
  • REI, Contractor
  • from Johnstown, Colorado
  • Member since Sep 24, 2015
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26
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Ray J.'s profile image
Ray J.'s profile image
Ray J.
  • REI, Contractor
  • from Johnstown, Colorado
  • Member since Sep 24, 2015
Connect
Ray J.
  • REI, Contractor
  • Johnstown, CO
7
Votes |
26
Posts
Classifieds

Need rehab and long term financing for rentals in Detroit

Ray J.
  • REI, Contractor
  • Johnstown, CO
Posted

We own 2 properties free and clear that we are getting ready to rehab for rentals in Detroit. Current rents are $700 - $800. ARV $40k - $50k. Rehab costs are approx $15k each. Once we finish the rehab and get them rented, we will be looking to get cash out funding and repeat the process (BRRRR strategy).

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