Purchase price: $840,000 Cash invested: $75,000 Sale price: $1,200,000 Full renovation of all 4 units.

This negative position can consume years of cash flow to recover.

I recently worked on an off-market deal here that turned into a great BRRRR success, proving how the right team and strategy can create equity and cash flow, even from a distance.If you ever need help analyzing deals or navigating the OKC market, I’d love to connect and assist however I can.

I plan to continue to purchase buy & hold properties but would like to invest in multifamily properties to create cash flow.

high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.

Time remains of essence, we file eviction within 7 days of no payment.

No problem with down payment but will need conventional load which is not a problem as I have been pre approved many times just did not find right property.

No reserves and no cash flow = capital infusion from investors and/or return property to bank.  

You can do this as a rate and term refinance with no cash out, or a cash out refinance. 

But if you do want to invest out of state where cash flow is higher, I think it's worth narrowing down where you think the best markets are and then find a way to take a trip for a couple days or so.