Commercial Multi BRRRR Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $235,000
Cash invested: $400,000
Commercial Multifamily BRRRR. 15,000sqft of reno. $635K invested. Appraisal coming back next month, looks to be over 1M. Cash out refi 80%LTV with local credit union. Cash flow after expenses predicted $6,700/mo.
How did you finance this deal?
Cash for purchase and rehab, then cash out Refi