Real Estate Deal Analysis & Advice

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Eliott Elias#2 All Forums Contributor
  • Realtor
  • Austin, TX
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BRRRR Deal Killeen Texas

Eliott Elias#2 All Forums Contributor
  • Realtor
  • Austin, TX
Posted Aug 12 2022, 08:10

Investment Info:

Single-family residence buy & hold investment in Killeen.

Purchase price: $70,000
Cash invested: $70,000

Purchase: 70k
Rehab: 40k
Rent: $1,400
Appraised: 170k

All in: 110,000
Cash pulled out: 119,000

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

I love this area

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

Wholesaler brought it to me
I helped negotiate the purchase and helped the wholesaler land his first deal!

How did you finance this deal?

Cash

How did you add value to the deal?

Tear down walls
Vinyl flooring
add a half bath

Lessons learned? Challenges?

Never pay contractors up front

Killeen, Texas

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Conner Olsen
  • Real Estate Agent
  • Austin, TX
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Conner Olsen
  • Real Estate Agent
  • Austin, TX
Replied Aug 12 2022, 09:10

@Eliott Elias Congrats man! The place looks awesome!

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Eliott Elias#2 All Forums Contributor
  • Realtor
  • Austin, TX
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Eliott Elias#2 All Forums Contributor
  • Realtor
  • Austin, TX
Replied Aug 12 2022, 09:16
Quote from @Conner Olsen:

@Eliott Elias Congrats man! The place looks awesome!


 Thank you brother! 

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Wale Lawal
  • Real Estate Agent
  • Houston | Austin | Dallas, TX
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Wale Lawal
  • Real Estate Agent
  • Houston | Austin | Dallas, TX
Replied Aug 12 2022, 11:13

@Eliott Elias

Congratulations!

You need a team of local professionals like property managers, contractors, agents etc. to execute your strategies efficiently.

It's crucial to build a great network of professionals to help you.

All the best!

Real Estate Agent Texas (#736740)

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Dmitriy Fomichenko
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied Aug 12 2022, 15:21

Nice @Eliott Elias ! Congrats!

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