Current BRRRR underway
Investment Info:
Single-family residence buy & hold investment in Kansas City.
Purchase price: $42,000
Cash invested: $55,000
I am currently rehabbing this house starting to get my refinancing options lined out. The completion date is 12/1/2019! Getting Close!
What made you interested in investing in this type of deal?
After learning a lot from my first deal, I knew that I wanted to do the BRRRR method as quickly as I could. Luckily I found a wholesaler before I had even moved to Kansas City and this deal came along. The numbers worked so I made it work!
How did you find this deal and how did you negotiate it?
A wholesaler found the deal for me.
How did you finance this deal?
I was able to get seller financing with one year interest only payments. This helped reduce cashflow while I rehab the property.
How did you add value to the deal?
This is a complete tear out gut job that I have put a lot of my own labor into. I have some contractors that are also helping on the big projects
What was the outcome?
To be determined.
Lessons learned? Challenges?
Figure out Refi plans sooner.