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?
How did you finance this deal?
Hard Money - Conventional refi
How did you add value to the deal?
@Travis Sperr Congrats! Where in Denver MSA?
@Whitney Hutten This deal is in Montbello, northeast Denver. I didn't realize that adding my deals to my profile created a public post!
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...
@Travis Sperr very nice, yes now that you posted, I am curious when you purchased?
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