First Baby BRRR in Largo, Florida
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $260,000
Cash invested: $30,000
My boyfriend and I purchased an outdated but completely functional and safe single family house marketed as a 3 BD but upon appraisal the third bedroom did not qualify because there was no closet, causing the purchase price to drop 40K. This made the deal seem like an even better deal, as all we know we have to do now when the refinance comes around is add a closet into the third bedroom.
What made you interested in investing in this type of deal?
Brandon Turners advice & book on the BRRR strategy. We want to have some cash flow, forced appreciation, and natural appreciation.
How did you find this deal and how did you negotiate it?
Through an agent (MLS)
How did you finance this deal?
Cash & Conventional Loan
How did you add value to the deal?
Remodeled outdated bathroom, painted house, and put in new floors.