Single Family BRRR in Waterloo, IA

[Jared Hottle]

Investment Info:

Single-family residence buy & hold investment in Waterloo.

Purchase price: $55,000
Cash invested: $20,000

Contributors:
Seth Engelbrecht

Single Family BRRR:
Purchase Price: $55,000
Rehab: $50,000
ARV - $130,000-140,000 (Appraisal scheduled March)
Rented: $1200 a month

Some before and after pictures

What made you interested in investing in this type of deal?

Easy to rehab

How did you find this deal and how did you negotiate it?

MLS, gave listing price, quick closing, no contingencies

How did you finance this deal?

Commercial In house financing

How did you add value to the deal?

complete remodel

What was the outcome?

Solid BRRR, rented out, on to the next

Lessons learned? Challenges?

A great general contractor can make for an amazing experience. Buying houses with a friend > doing it all alone in the right situation

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the agent on this deal.