Your thoughts on multi-family rehab
I am looking at a property that needs rehab and currently vacant. I rehabs single families and with this opportunity I can considering stepping up to commerical. What I would like to do as some have done in residential is to purchase wholesale, rehab with cash and do a cash-out refinance after all work is completely and completely rented. My question is
- is this stragety possible,
- if so what is the time frame,
- and have anyone used this strategy for their commercial investments.
I am hoping this will increase my holdings and reach my financial goals in a shorter time period than residential. Residential terms is 6 months to a year before cashout refinance. I am wondering is this is the same for commericial.
Thanks in advance for your comments. Love this site.
God Bless and stay focused !!!