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Updated almost 3 years ago on . Most recent reply

Pat Jackson's profile image
Pat Jackson's profile image
Pat Jackson
  • Rental Property Investor
  • from Reno, NV
  • Member since Feb 20, 2017
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User Stats

284
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137
Votes
Pat Jackson's profile image
Pat Jackson's profile image
Pat Jackson
  • Rental Property Investor
  • from Reno, NV
  • Member since Feb 20, 2017
Connect
Pat Jackson
  • Rental Property Investor
  • Reno, NV
137
Votes |
284
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Latest BRRRR (Missouri)

Pat Jackson
  • Rental Property Investor
  • Reno, NV
Posted

This little gem came right off the MLS in February. It was in probate.

Purchase:65k

Rehab:40k

Arv:140k

Rent:$1300

We did an as-complete appraisal so knew the arv before we closed. Because we knew the arv and had a solid estimate from our top notch contractor, we knew we could cash out before we started. Bought with a construction loan.

It had ALOT of nicotine!  
 

We inherited a car. Had to sell it for scrap, couldn’t get the title. 

  • Pat Jackson
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