BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago on . Most recent reply
Matthew MasoudPoster
#3 Buying & Selling Real Estate Contributor
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#3 Buying & Selling Real Estate Contributor
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- Orange County, CA
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10-Unit Multifamily BRRRR Infinite Cash on Cash
Matthew MasoudPoster
#3 Buying & Selling Real Estate Contributor
Professional Services
#3 Buying & Selling Real Estate Contributor
- Investor
- Orange County, CA
So I purchased a 10-unit building in a small suburb near Dayton, OH. Purchased the property for $600k.
$150k down, $450k mortgage.
4 out of 10 units were empty. The remaining 6 units had below market rents.
I purchased the property and put $50k into renovating/renting vacant units.
Took almost 6 months to rent the vacant unit and get existing tenants to market rent.
All in $200k.
The bank just appraised the property for $950k
I did a cash-out refinance for $225k.
The deal still cashflows and I got all my money back plus $25k.
- Matthew Masoud
- 909-494-5282
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Most Popular Reply
River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Awesome!!
Congrats on this, Matthew. Think you are going to stay in the MF space?