BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply
First rent received!!
After starting the process in July with the purchase and finishing the rehab in September, I received my notice of first rent received yesterday! Very exciting times. Now to wait until January and get that refinance done. Still need to work out the LLC issue for the trust, but excited to be getting some positive cash flow now! And it rented out for $85/month more than expected!
Most Popular Reply
@Sean Julian
That's so awesome! I will always remember the first $500 of cash flow I pulled out of my first BRRRR project. Once it was all stabilized I set my bank to send me checks monthly. When the first one I arrived I was so happy - it meant I had truly figured out a formula to generate passive income for myself!
The first of many and I’m very excited for you!!!