so how would financing a apartment complex work?

[Tyler Winchell]

if i were to buy a apartment complex outright for lets say 700k as my first investment. and 2 months down the road only 10% have been vacant at a time and rental income after managment is 11500. how can i do the BRRR method to get my 700k back and still be financed

[Nick B.]

Your building should apprise for $1M in order for you to refinance $700K out.

To figure out the value you need to know projected income and expenses and market cap rate.

E.g. if the market cap rate is 10% your building need to produce $100K NOI annually for $1M value.

NOI = income - expenses, so for this example you need $200K gross rents and $100K operating expenses.

Your actual numbers will be different, of course.