You can ask but you are not getting much more than the FMR.

I need to tap that equity to purchase other properties.

If you are spending 325K on buying and 200K on rehab all in you are at 525K, you'd ideally need the ARV into the 600/700K range to give cushion and room since I would assume you would do a refi at the end.

Am I expecting too much to go lower than $250/sq ft?

Here’s my strategy and the issue:Current Strategy:Buy a property for $200k with cash.Refinance after 6 months to recover $150k, leaving $50k in the property.Use the recovered $150k to invest in another property, but I need to save up more money to repeat this process.Alternative with Hard Money:Use hard money to buy properties worth up to $800k.Refinance them later to recover my initial investment.For the hard money scenario, obviously I wont be buying them all at once, but rather buy a property worth 350 -> refi -> get HML -> repeat, until my money has ran out.However, hard money can’t be used for cash offers directly, as it’s typically a loan.

Hi everyone,I’m currently learning as much as I can about real estate investing.

While the units needed new kitchens, baths, flooring, and paint, they were primed and ready for upgrades.

They would prefer to stay, but can move if needed.

The property is rent ready.Any help is much appreciated!

With rates now much higher, having such favorable financing puts you in a great spot to weather market shifts while continuing to build equity.