Funding a 6 unit multifamily

[Brandon Pain]

I have an opportunity to purchase a 6 unit multifamily, and I would like to buy and hold.

PP 130k

Renovations est. 50k?

ARV est. 250k

One unit is renovated and rented for 700/month.

The other 5 need to be rehabbed.

Gross rents when done will be 4k/month.

I am trying to navigate how to finance this, and I'm new to commercial real estate.

Will a bank lend on this, with 5 of the units not occupied and needing to be rehabbed?

Is my only option hard money brrrr or seller financing?

I'm just looking for idea on how to finance this thing.

Thanks!

[Cole Farrell]

My question is how much experience do you have rehabbing? The reason I ask is because $50K rehab for 5 units seems very low. I do my own rehab and its a bit over that with no labor cost, so that estimate makes me a little nervous. Besides that I am a hugee proponent of seller financing, I would definitely try that first before HML