Once that process if complete we have a final negotiation and part ways or go under contract.

Everyone here can make assumptions, but the final answers are going to come from your bank.

Additionally, I would set up a acquisition an rehab line of credit to leverage funds so oyu can by more in a shorter period of time.

Here is a great white paper on the topic published by Old Capital:https://www.wealthgrowinvestments.com/wp-content/uploads/2017/06/Multifamily-Financing-101-FINAL-2017.pdfAnother factor is getting a sense of the market for the debt of your project.

It finally happened! 

Pls help and thanks in advance :) What would you do if you were to make a choice between option A and option B and and WHYPurchase Price $ 141.750Improvements $ 6.000Closing Costs $ 2.250Total Cost $ 150.000Downpayment: 0% (cash acquisition)Cash outlay: € 1.000- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -After 24 months from completion, here are my two options:#OPTION A (FIX and FLIX)Selling the property for € 205.000#OPTION B (BRRRRR)Refinance for € 150.000 leaving € 1.000 cash outlay and renting the property.

I understand I have cooperation with the daughter to finalize this transaction as it is ringing up taxes and HOA fee's in her parents names.

After a few months of listening to the BP podcast and learning about house hacking on my own, I have finally decided to introduce myself.I am currently working in the medical office field, and I find myself having to work everyday instead of wanting to work.

If you can get access to enough local banks to support your acquisition pipeline that would certainly be a cheaper option plus you own the relationship without the middleman....Hope that helps.Kris

I'm exhausted just after writing it, and frankly, I'm absolutely looking forward to finally planting roots and settling down here in LA.