Looking At my 1st BRRR
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