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Updated about 4 years ago on . Most recent reply

Adam R Gebner's profile image
Adam R Gebner's profile image
Adam R Gebner
  • Rental Property Investor
  • from Tacoma, WA
  • Member since Feb 13, 2019
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Adam R Gebner's profile image
Adam R Gebner's profile image
Adam R Gebner
  • Rental Property Investor
  • from Tacoma, WA
  • Member since Feb 13, 2019
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Adam R Gebner
  • Rental Property Investor
  • Tacoma, WA
13
Votes |
6
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

2nd Fayetteville, NC BRRRR in the books!

Adam R Gebner
  • Rental Property Investor
  • Tacoma, WA
Posted

My wife and I just completed our second BRRRR on our fourth rental property: a SFH in Fayetteville, NC.

Here are the details:

Purchase Price: ~$55,000

Rehab: ~$10,000

Rent: $925

Appraised ARV: $125,000 

Cash Out Refi: ~$90,000

We are very pleased with our improved performance from the 1st to the 2nd BRRRR...excited to redeploy these dollars on another SFH BRRRR!

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Don-Carlos Moniz's profile image
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Don-Carlos Moniz
  • Real Estate Agent
  • from Fayetteville, NC
  • Member since Jul 4, 2020
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Don-Carlos Moniz's profile image
Don-Carlos Moniz's profile image
Don-Carlos Moniz
  • Real Estate Agent
  • from Fayetteville, NC
  • Member since Jul 4, 2020
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Don-Carlos Moniz
  • Real Estate Agent
  • Fayetteville, NC
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106
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Don-Carlos Moniz
  • Real Estate Agent
  • Fayetteville, NC
Replied

@Adam R Gebner, that is great. I just started getting active on BP and it is awesome to see someone in my local area completing a project like that. Good luck on the next one.

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