My First BRRRR Property Successfully Completed!

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Great story! Thanks for sharing. So many levels of great information. Starting with patience, focus on your destination (and you arrived), and importance of TEAM members (in this instance the attorney and recording your contract).

Thank you again for sharing.

Success is found in each step of the race...not just in crossing the finish line.

@Stephen Hundley Great job! Brandon Turner would be proud of your BRRRR strategy. Can you post details of the finance once that's complete?

Also, what kind of flooring did you install?  Cost to purchase the flooring?

Great story !  I have one question though, I see that you are in Louisiana, paying less than half of the value are you not worried about "Lession Beyond Moiety" or is there a way around this because of the tax default?

Great advice, I'll definitely record purchase agreements with private sellers from now on! I think a lot of banks put in their purchase agreement specifically that you aren't allowed to do that though.

@Stephen Hundley thank you for sharing your experience. Please excuse my question as I'm pretty new here but since the sellers were delinquent on their property taxes are you responsible for it?

@Stephen Hundley Aside from the some small bumps in the road in the beginning, it sounds like you hit a homerun on this one. Congrats! Also, how did you structure your relationship with your lawyer? Do you have him on retainer or maybe case by case?

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