I have been meaning to update how things have been going, thanks for the lead in @Rj J. !
My BRRRR story. It starts and ends with a Porsche.
In July 2014 with two kids in daycare I decided using a 50k car to commute was not the best use of my capital. In August 2014 I sold my 911 Turbo:
I also happened to call on of those bandit signs "we buy houses for cash!" yellow with black letters. I left a message stating that I was a cash buyer looking to buy in the Lexington area. I got a call back and two weeks later I went to go see this property:
3 bed / 1 bath townhome ~1100 square feet. built in 1986. This placed had a crazy cat lady living in it for the past 5-6 years! I am talking 50+ cats. one of the bedrooms was used as a litterbox!
I purchased the property from the wholesaler for $14.5k. closing took 10 days. He actually owned the property and paid $12k for it 2 weeks prior to me seeing the property. we were both happy. Next step was the rehab.
Great post Judd Campbell! This is a very encouraging post for people like myself looking to start properties with the BRRRR method. Thank you very much for sharing!!