If your really needed it one could also consider hard money though that will come with higher rates and getting someone to give you 300k first time might be harder than just getting loan then you could refinance it later.Since your a high net worth person I would also try talking to local/regional and even big bank lenders.

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

It's probably worth 625k now What was the outcome?

You then might renovate the property, so it's worth, let's say, $150,000 after 12 months.At the end of the first year you have title to a property worth $150,000 which is serving as collateral on promissory note where you owe about $88,600.

We have a property management company in New Jersey where we make some of our best clients hundreds of thousands of dollars between helping them force appreciation, increase cash flow, finding them deals etc.

If you know that something major will need replacement in the future, increase the monthly amount you are depositing into your reserve fund.

@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.

Park Hill has always been sought after, but this will only increase it’s desirability…..

I am located in the Dallas-Fort Worth metroplex and looking to acquire multi-family properties.

That’s a 2.5% increase over 2023 and the strongest sales volume we’ve seen since 2021.