Trying this whole BRRRR thing
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $170,000
Cash invested: $170,000
On market, side by side single family homes. Bought them in cash with a private loan from family. Doing light rehab and replacing both roofs and refinancing (delayed financing to get around the new 12 month seasoning requirements for cash outs). Not sure what they will appraise for but hoping to leave between 30-15k in the deal which would be fine with me considering they were purchased for $170k (combined) and already kick off $2,150/month in gross rents. Stay tuned!