Updated over 4 years ago on . Most recent reply
First BRRRR rental completed.
Investment Info:
Townhouse buy & hold investment.
Purchase price: $12,000
Cash invested: $45,000
First BRRRR rental. Learned a lot of lessons.
What made you interested in investing in this type of deal?
Wanted to get started building wealth
How did you find this deal and how did you negotiate it?
Friend who wasn't able to close
How did you finance this deal?
Cash
How did you add value to the deal?
Full rehab
What was the outcome?
Finished rehab and placed tenant on section 8
Lessons learned? Challenges?
Always manage your project and create a project schedule. Make sure everyone is clear on the objectives, budget, and timeline.