All Forum Posts by: Brandon Pain

After trying a lousy property manager in my small town, I recently started managing my 4 plex on my own until I find a replacement. I am managing from long distance, and I am curious how I can post notices when long distance... pay or quit, 30 day notice, violation of lease ect...

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!