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Updated over 6 years ago on . Most recent reply
How long does it take for you to “season” your Multi?
To those Multi unit investors, how long has it been taking you to turn over your investments to start turning profits so you can refinance and cash out? I know every case is different from remodeling and getting rid of the bad apples, filling vacancies, etc. Please share your experience.
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Dennis M.
#5 General Landlording & Rental Properties Contributor
#5 General Landlording & Rental Properties Contributor
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Dennis M.#5 General Landlording & Rental Properties Contributor
#5 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Erie, pa
@Angela Yan
I couldn’t find a bank that would give me 70-75% of the appraised price sooner than one year so I’m waiting
Many will do it quicker and there’s a caveat ; they only give you 70-75% of the purchase price you paid .. not the appraisal price