Updated over 3 years ago on .
Back to the Basics BRRRR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $72,000
Cash invested: $29,000
After a crazy partnership, we decided to go back to the basics and buy and rehab small for massive ROI
How did you find this deal and how did you negotiate it?
Our Property Manager owned this property and rented it to his employees. He was ready to offload and he hooked us up!
How did you finance this deal?
HELOC and cash
How did you add value to the deal?
Added a bathroom and bedroom
Lessons learned? Challenges?
We're getting pretty good at this!