After the appreciation we have been experiencing post 2022 and what we have been witnessing the last 2+ years its hard to pick a spot and be confident on appreciation.

I’m looking to purchase my first multi family home in the city of Colombus and am looking for the hard numbers, metrics I should be on the lookout for, and sample properties to get my hands wet as far as what’s considered a good deal and area to invest in.

There is beautiful hard wood floors underneath that we refinished.

Typically HELOC is much cheaper than hard money.

Hard money loan How did you add value to the deal?

It appraised for 320k which is obviously a great spread but you have to remember closing costs, carrying costs, hard money costs and the cost of the refinance.

Another option is a hard money loan to cover both the purchase and rehab, which can then be refinanced with a DSCR loan once the rehab is complete.

I explained that at the moment this would not be possible because the property is in a hard money loan.

There are tons of hard money lenders out there, my question is why them?  

Work with the hard money lender on the terms of the loan so you can get a 90% loan and the hard money lender will reimburse you for the rehab costs.