Gastonia, NC BRRRR #2
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $83,000
Cash invested: $156,000
Traditional BRRRR
Purchased for $83k, spent $64k on the rehab, $5k in closing costs, all in for $153k and appraisal came back at $212k but took a loan at 67% LTV. Rents for $1250, cash flow is thin but everything has been renovated so capex and repairs should be minimal.