Single family rental BRRR
Most Recent BRRR / infinite return SFH
Purchase: $15,500
Rehab: $55,800
ARV: 117k (BPO mis appraised as a 2/1 when it is a 3/1. Should be closer to 130-135k)
Commercial loan: $93,600
Cash back: $22,000 in tax free dollars above my cost.
Just leased: $1495/month
Expenses: 954.37
———————————————
Net Net income: $540.63/mo
And $22k in pocket.
Not a typical deal but happens more than you would think.