Sub-To Rehab Strategy

[Donyelle Keith]

Hi @everyone,

I currently have a sub-to multifamily on the table. The problem I'm having, when considering if I should move on it or not, is that the property needs some TLC. The rent is lower than the avg rent & I may need to evict the tenants due to upkeep of the property. Once rehabbed, rent raised & better tenants the property would bring in fairly good cash flow. What would be the best way to acquire the funding to rehab & any potential exit strategy, with keeping the property as my main focus. Open to any suggestions or strategies! 

[Eliott Elias]

Borrowing the money from the seller, or a private money, lender and paying them back monthly with your cash flow. I stay away from subject to property that needs rehab unless I am flipping it.