-----------------------------Today’s Interest Rate: 6.93%(👆.21, from this time last week, 30-yr mortgage)-----------------------------Today we’re talking: housing market, interest rates, and a quick update on my latest rehab and rent project. 

Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs. 

What steps have you already taken to address the situation?

SwissPMG can assist you in your property search, underwrite, acquisition, rehab and property management here in Columbus, OH.

If you want to message me your email address, I would be more than happy to send you what I have. 

Purchase price was $190 and after rehab $375 selling price.

We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet. 

Great that you have experience rehabbing. 

You are interested in a certain market to use the BRRRR (Buy, Rehab, Rent, Refinance, and Repeat) method to purchase property.To find these properties, you asked how many Realtors you would contact in that area.Honestly, most Realtors do not speak investor language and are not investors themselves.

If you are looking to just calculate profitability, set how much profit you want to make then:ARV - Purchase Costs - Holding Costs - Selling Costs - Desired Profit - Rehab Budget (including contingency) = Maximum Allowable OfferIF you cannot calculate those numbers, a spreadsheet isn't going to help you.