Single Family BRRRR - Denver

4 Replies

Investment Info:

Single-family residence buy & hold investment in Denver.

Purchase price: $72,000
Cash invested: $8,000

Forth rental property - hard money - buy, fix, fill, refi - before it had a cool name (BRRRR)

Bought from wholesaler

Typical rehab $25k +/ - floors, paint, bathrooms, etc. just enough to make it pretty and rent ready.

What made you interested in investing in this type of deal?

buy and hold

How did you find this deal and how did you negotiate it?

Wholesale Deal

How did you finance this deal?

Hard Money - Conventional refi

How did you add value to the deal?

Rehab

LOL, well now that you posted we want the deets!

What was your ARV? Cash on cash return? What's your rent roll/cash flow? If its an old deal what is today's value vs. your ARV at time of refi?

I know Colorado is appreciating like crazy.  I'll never be able to afford to move back!  I remember when we NEVER went to Northeast Denver, like not even to drive through with the windows rolled up let alone buy a property!!  But I've been gone 15 years, so I'm sure its all fancy suburb there now, crazy...

Congrats. 

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