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Updated over 4 years ago on . Most recent reply

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6
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Robert Washington
  • Investor
  • Atlanta Ga
7
Votes |
6
Posts

Wanted to share my 4th deal/first BRRR Deal

Robert Washington
  • Investor
  • Atlanta Ga
Posted

Closed on a property purchased at $81,000 (ARV $155,000) with a home modification loan. I put about $45,000 into the property including (roofing, foundation, mold removal), it was a complete gut job. Refinanced the property, pulled out my initial down payment and currently make great cash flow. Now the ROI is infinite thanks to Bigger Pockets.

Hopefully this testimony gives someone the motivation to take a leap on faith. Currently, I am looking to purchase multifamily properties to take on the stack method. 

I finally joined as a Pro Member. Add me, I would love to network. 

Most Popular Reply

User Stats

6
Posts
7
Votes
Robert Washington
  • Investor
  • Atlanta Ga
7
Votes |
6
Posts
Robert Washington
  • Investor
  • Atlanta Ga
Replied

Hey @Isaac El,

I found this deal networking through a family friend. I was originally going to wholesale the property, but the numbers were too good to pass up. I will message you my contact information so we can network and discuss our approaches to real estate investing. 

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