Great start to a BRRRR

[Carmen Pellegrino]

Just finished a rehab of a property and so excited this stuff works!!. Looked around and found a property (SFH) with good bones but need updates and some major repairs. The front porch was so bad I had to have a structural engineer inspect it before the mortgage company would release. Bought for 48500 with closing and down payment have 12000 of our cash in. Spent about 15000 on rehab including a full rebuild of porch and porch roof, window replacement, deck rebuild and kitchen and bath remodel. Current mortgage/taxes and insurance $308.00, rent $950. Realtor is telling us house would sell for $90,000 all day now. With refinance after holding period we will be able to pull all our cash plus some and still have nice cash flow!!