What made you interested in investing in this type of deal?

Hi everyone,I’m exploring options to refinance a multifamily apartment property and would love insights from those who’ve recently navigated this process.

What made you interested in investing in this type of deal?

any help from anyone would be appreciated?

This could help decide if the income is enough.  

Would a DSCR loan be a better option than a hard money loan for this project?

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

Please - do this today: Send her a Notice To Quit for Non-Payment of Rent; you will need to send this to her via USPS with proof of delivery required so you can use it in any legal proceeding.

I second what has been said about using a HELOC to help fund your purchase and rehab.

@Sean Spagnola - I always like to have photos of recent comps in my back pocket to help with the design of a BRRRR to ensure that the finishes are similar/same to the market.