If you want to finance the property, it would most likely be a bridge loan through a Hard money lender (12-24 months, 20-25 yr amt, 8%-12% rate, PPP).If you choose to close all cash, you may be able to fill in the apartments and negotiate better financing terms than the hard money, backed with several months showing a healthy cash flow and signed leases.Upon stabilization, you'd be able to refinance to a long-term loan with better financing terms.Hope this helps

I mention this as an example to make sure you have a very healthy margin in all deals , measured in real dollar profit and not percentage return.

I want a healthy successful life.

That person could have lent money on the deal and had a 2nd position lien and received a healthy rate of interest.

I think iBuyers are a valuable participant in a healthy housing market.

The sooner the better because it can be making you money and equity in the meantime.Portland is as good as any Market, certainly a healthy Market.

Some of my main goals for 2022 are to continue to find likeminded partners, join a mastermind group, grow my property management business as we are managing all our rentals in-house, bring my brother to the business and start a GC business with him, give back to my church and the community in every single way I can and stay healthy for my family.I will close it out with this message to everyone sitting on the sidelines because of fear; I am also a father of two babies, my wife stays home, and I still have my Engineering Job.

Some of my main goals for 2022 are to continue to find likeminded partners, join a mastermind group, grow my property management business as we are managing all our rentals in-house, bring my brother to the business and start a GC business with him, give back to my church and the community in every single way I can and stay healthy for my family.I will close it out with this message to everyone sitting on the sidelines because of fear; I am also a father of two babies, my wife stays home, and I still have my Engineering Job.

We attract great renters and make a really healthy cash-flow.

I've worked out the numbers a few different ways, and even with the worst-case scenario, adding the third unit to this property will enable pretty healthy cash flow, though it would be pretty iffy without it.