(Get 100% financing plus cash out from your 1st lender would allow almost all lenders to do a rate/term refi once your rehab is completed.

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders? 

I had a chat with them on the phone as i was curious about the funding.. but came to the conclusion that the down payment ( the client made to buy) was probably what they paid for the property and the seller carry back note was the profit.. and then the seller carry back note is sold to yet another investor.. who is investing for coupon money.   

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.

I'd love to get more conversation going about the new MA ADU law going into effect Feb. 2nd.

I’ve seen folks pivot their plans quickly if they discover one city has friendier permit processes than another.Great to meet you @Christopher Jennings - I see that Pat has already commented, she's a fantastic resource to have in your new backyard.

There are some great meetups in Northern New Jersey that you can find in the Meetups and Events section here.

Happy New Year!

I’m trying to buy a second multi family.