My First Deal Closed

14 Replies

I just closed on my first deal. It was found though direct mail. I bought it all cash and plan on doing a BRRRR on it.

2 bed/ 1 bath
Time from first call to close: 3 weeks.

Purchase Price: 15K
Rehab Estimate: 35K
ARV: 80K
Rental: 1000 a month

Once the rehab is done, I'll refinance it and pull out the equity.

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