2nd BRRR done- onto number 3- 2 more in progress.

[William Collins]

Good morning all- sharing 2nd success story.  

Town: Manchester, CT

Property type: Duplex

3 Bedrooms/2 Bathrooms per side

Purchase Price: $65,000

Renovation costs:  Siding and roofing (full resheath), New furnaces, electrical, ripped out plumbing, flooring, kitchen baths. - totalling@ $69,000

End Valuation: $200,000

Refinance: $140,000 out 5 year ARM 20 year amortization

Rent: $1250/unit

Monthly Cash Flow: $507.96

Next up:  Refinance of auction.com property in New Britain.