Finally, network with other investors and start small to gain experience.

Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

Also consider all lenders will require to review your insurance when underwriting a loan and it's likely a violation of your existing loan documents to let the properties go uninsured even if they didn't require insurance escrows. 

We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!

Initial Financing: Used a hard money loan (HML) with 10% down, interest-only at 10.95% for 1 year.

Im assuming I will learn the markets and what it takes to get a loan ect.

I have 2 closings coming up this month and feel like I am finally beginning to get on my feet!

This would help reduce the amount needed for a bridge loan to fund the acquisition and renovate the four vacant units.

Will you be funding your own rehab or would you need to roll those funds into your initial loan?

My original loan amount is $323K, balance left $319K at 7% and 28 yrs and 8 months left.