BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago, 10/13/2022
How would you BRRRR a 17-unit apartment w/ tenants living in it?
Hi all,
Just looking for general wisdom on how to renovate a MFH with tenants living in it. Some tenants will probably be evicted due to poor payment history and also the unsafe state of the unit. But most of the building will be occupied.
- Each of the units are unique (it's a monster house, with two additions and also a detached building).
- Both the exterior and interior need extensive repair and reno, probably full gut rehab for most units.
- The electricals will need to be separated and individually metered - is it possible to run new lines separately while gutting each unit one by one?
Thank you for your time!