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Updated about 5 years ago on . Most recent reply

Edward Lavin's profile image
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Edward Lavin
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  • from Howard Beach, NY
  • Member since Feb 7, 2017
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Edward Lavin
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  • from Howard Beach, NY
  • Member since Feb 7, 2017
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Edward Lavin
  • Specialist
  • Howard Beach, NY
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General Real Estate Investing

Looking At my 1st BRRR

Edward Lavin
  • Specialist
  • Howard Beach, NY
Posted

Purchase price 160k

Value 190-210k

paying existing PITI 750/mo (68K) plus an extra 350/mo towards the difference of the mortgage and remaining principle.

Payoff and transfer of title is due in 24 months.

rent goes for 1600/mo or more. Property is on a double lot.

so cash flow and equity on the back end

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Lesley Resnick
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  • from Jacksonville, FL
  • Member since Jul 9, 2015
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Lesley Resnick
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  • from Jacksonville, FL
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Lesley Resnick
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  • Jacksonville, FL
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Lesley Resnick
  • Real Estate Agent
  • Jacksonville, FL
Replied

Intersting deal.

How much did you put down?

How much reno will it take to get to 190-210k?

Is there a tenant in place?

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