Updated almost 3 years ago on . Most recent reply
First BRRRRR Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment in St. Louis.
Purchase price: $85,000
Cash invested: $10,000
My mother in law and I invested in this BRRRR property in an up and coming neighborhood of St. Louis. The rehab took 8 months because of contractor fails and covid. It was a nightmare of a property but learned so many lessons! And the result? Bought for $85k , rehabbed for $70k, rented for $950/unit, and refinanced to only leave $15k in the property that appraised for $200k. Producing $300/mo cash flow.
