Second BRRRR deal - Alabama

[Cody Mitchell]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $76,000
Cash invested: $25,841

This is a BRRRR deal that my wife and I purchased through a wholesaler. We used a hard money lender in order to provide most of the financing. We bought the property for $76,000 and put $36,025 into the rehab. After the cash out refinance, we have a total of $25,841 left in the property. After all expenses including capital expenditures, vacancy, maintenance, and property management, we will cashflow approximately $204/mo.