Washington DC Duplex BRRRR

8 Replies

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $203,000
Cash invested: $10,000

1 b/b in NE DC. Found this wholesale deal on BP. I knew instantly it had plenty of value add equity. I'm using the BRRRR strategy and currently waiting to complete the refi.

@Sean Mcmahon Also, what do you mean when you said you found the wholesale deal on BP? Did you connect with a wholesaler you met through BP or find this on the BP marketplace?

Hey congrats on the property. I’m new to this and I think I’m missing something, but can you explain how you were able to get a wholesaled house at $203k with only $10k invested? or was the $10k money you used for updates and construction? Thanks and good luck.

@Sean Mcmahon thanks. Check out @Greg Allen properties. He’s a great guy to work with! @Joe Proscia sorry I should definitely specify that the 10K I put in the deal was for rehab. I did have to pay a down payment, but using the BRRRR strategy I pulled the down payment from a previous property and will recoup the down payment after the refi.

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