Plan to light rehab and raise rent if/when current tenants start leaving.

Multifamily investing can be a lucrative venture but requires careful planning and understanding of the real estate market.

Hello BiggerPockets Community,I'm currently in the early stages of planning my investment journey and considering whether to enlist the help of a fiduciary financial advisor to get my finances in order first.

My plan was BRRRR.

It’s very common in today’s environment that not only are deals too tight for an Agency exit today, but the value add business plan was delayed for any reason whether it was a change in management, slower lease up than anticipated, and now the property is trending positively each month towards Proforma numbers, but needs a bit more life, there are ways to get it done!

By building new, we're able to gain a heck of a lot of sweat equity which we plan to refinance (get the *tax free* $$) to put towards our next project. 

We're looking to begin financing, etc for a multi family that we plan to house hack. 

I am just curious if the plan is workable and if there is anything I miss or need to rethink about.I realize that I don't know much about property management company, if I am going to invest in Texas.

I’m planning on purchasing my first rental this year here around Richmond, VA.

The proposed plan which got approved is to expand it from 1800 sf to 4235 sf, and initially I speculated that this may cost $300-350k to do and budgeted it accordingly.