A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

I would like to purchase my first property sometime next year, utilizing this year to learn and network as much as I can.

I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

However, the current market environment with relatively very high interest rates (7.37x increase of the 10-year treasury in 40 months from 2020-2024), and the slow recovery coming out of the Pandemic for the city make this a great opportunity to do just that, with many positive market factors on the horizon.In my opinion, right now is a great time to purchase a value add multifamily asset at an attractive basis, refinance in the coming years as we are now moving into a falling rate environment, receiving your tax-free refinance proceeds from the forced appreciation coming from renovations, the spike in market rent growth, lower vacancy, and compressing cap rates during the stabilization period, The macro factors for the DC Metro and for multifamily overall should contribute to a multifamily asset in the area being a safe and lucrative long-term investment as well.Other Notable Developments in the D.C.

I am not sure, but I imagine that you could also help out and lend your credit to this type of purchase. 

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

It will be my first home purchase. 

Purchased at 211k .

Looking for anyone that has experience/purchased the RaiseMasters program/course/mastermind by Hunter Thompson.

Did you purchase this with a conventional loan?