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Updated over 7 years ago on . Most recent reply

User Stats

113
Posts
33
Votes
Paul Parker
  • Investor
  • Toledo, OH
33
Votes |
113
Posts

Multi-Family Refi in High Return Under Valued C-Class Areas

Paul Parker
  • Investor
  • Toledo, OH
Posted

Hello BP Community,

I own two multifamily investments properties free and clear in a C-Class neighborhood here in Toledo, Oh. The properties are fully occupied and that has a great returns but a low evaluation. The county value is under 50k for each (And I assume if I was to get an appraisal it would be close to the counties value) I would like to pull cash out of these properties to reinvest in more multifamily units using the BRRR strategy any suggestions on financing options or lending institutions will be greatly appreciated! Thanks in advance!!!

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