The bank is asking 45 but I think the whole thing needs to be razed to the ground and rebuilt. 629 3rd Ave, Kingston ny.

Should I go for it and spend the money up front then refi, or should I sit back, leave the good tenants alone, enjoy the cash flow, live with the property in my view looking slightly rundown, and wait to do any major updates after a tenant leaves.P.S.

It may take two years to execute, but you can cash flow during ownership and enjoy an increase in value from improving the performance of the property on sale or refinancing.

I'm working on the financing with my bank and I already have my eyes on a property. 

Welcome to the forums and enjoy soaking up the wealth of information available!

Will a bank give me a 3.5% or 5% dp loan for a multi-family primary residence if I own these other properties? 

They were looking to get debt on the portfolio a while back, but found that local banks were very conservative, and needed appraisals on each property individually, which would have been cost prohibitive for us.  

The warranty  was negotiated at closing, and I am contracted with them for a year, but will definitely will be contracted with them on all my future investments, it relieve a lot of repairs and expenses as an investor.Good Luck, and enjoy being financially free!

I am new to real estate and I want to know how to buy houses and keep buying houses without the bank telling me I'm maxed out for borrowing.

I am new to real estate and I want to know how to buy houses and keep buying houses without the bank telling me I'm maxed out for borrowing.