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Updated about 8 years ago on . Most recent reply

User Stats

14
Posts
3
Votes
Jason Piccirillo
  • Contractor
  • Cheshire, CT
3
Votes |
14
Posts

1st deal is on its way

Jason Piccirillo
  • Contractor
  • Cheshire, CT
Posted

Im closing on my first deal in about 2 weeks. I purchased a HUD condo for 32,500. Should rent for about 1150-1200 a month. After rehab value should be right around 65k. The property needs minimal rehab. I'm paying cash for the property.

From what I have been reading, it seems my best route should be the brrr method. I want to jump into another property as soon as this one is rented. I have some additional capital to start a second project right away. 

Any advice on getting money out of the properties quickly? I want to keep things moving along, and not get stuck with my money tied up for too long.

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