Hi Stacie,As long as we can paper trail the work completed we can do a DSCR Cashout Refinance and tap into that equity once the property is completed!

Basically do it in paper before you go down the road.  

I’ve got a few rental properties under my belt and am now diving into value-add multifamily projects to grow my portfolio.My focus is simple: build wealth, create opportunities, and enjoy the process along the way.

Simple math I think. 

Backstory - we have an apartment complex that had a $339k loss on paper last year (I'm a 40% partner).

Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done

EVERYONE is trying to crack the motivated seller code with technology or other voodoo tactics but they fail to realize that the inherent simple characteristic of "motivation" is exactly that it can't be equated, formulated or coded.Motivation is not about "if you exhibit characteristics "X", "Y", and "Z", you have a higher chance of being a motivated seller". 

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

Lots of areas that pencil very well on paper but the quality of renter you will get is going to eat into any profit you may think you are getting.

Ours are very simple boxes and we get economies of scale since we build multiple houses at once. hope that helps