Multifamily value add

[Johnoson Crutchfield]

What’s the best way to get rehab money for a value add on multifamily? I have been able to take down a 8 unit building that currently cash flows using seller financing, but now I want to do some rehab to value add the property and increase the rents. Any suggestions for how to find these funds? The building currently pays for itself on the cash flow which includes 500/month for maintenance and $1000 for cash flow. Is the only way to do it to use the money from the cash flow?

[Ronald Gladden]

Hi @Johnoson Crutchfield, Sounds like you dove straight in! Congrats in many ways but another thought as I read your thread is was he ready? I'm a "learn as you go guy" too depending on the circumstances but I would like to suggest reading David Lindahls book Mulit-Family Millions. Now that you are an owner you will need to get educated quickly. From what I have seen in previous threads if you provide information such as: Purchase Price, ARV, CAP rates, NOI etc. and any other details from the deal then the members are able to give your more insight. Best wishes!