First BRRRR Property

[Chad Mayo]

Joined BiggerPockets a long time ago but drifted away and didn't take the plunge. I'm back and just bought my first investment property with the intent of using the Brrrr technique. I was thinking of a flip but I'm concerned with the tax implication and how much I would be required to pay on it. (I have no idea)

Just wanted to give a quick hello and look forward to meeting some of you.

[Shaun R.]

So how's it going?  I'd love to hear the updates.

[Chad Mayo]

Going well so far. Almost finished with demo and mold treatment. Will start some improvements next week. Main hurdle right now is finding a bank that will refinance without a seasoning period.

[Chad Mayo]

I actually closed on property may 1st. $57k purchase and plan to put $30k in it.