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Bridge Loans for Small Multifamily Acquisition
I am under contract to buy a 4plex. Units are all rented and the rents are well under market rents. My plan is to rehab the exterior and interior units and furnish them. I will rent as short term and mid-term rentals. What’s the best way to get the highest leverage? I own 2 STRs right now and also have flipped 2 properties over the past couple years. So I do have some experience. Purchase details below.
Purchase price $495,000
Rehab budget $60,000
ARV $700,000
Credit score: 740 plus