Deal Breakdown – Buy & Hold Success in Wilmington, DE

Deal Breakdown – Buy & Hold Success in Wilmington, DE

Member since 2021 · 9 posts · 4 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $80,000
Cash invested: $32,500

This buy-and-hold flip is a textbook example of strategic real estate investing done right. Acquired for just $80,000, with $32,500 in targeted renovations, this property has been fully repositioned and now boasts a market value of $245,000.

Not only did this deal generate significant equity on the back end, it also delivers strong monthly performance—with $1,850 in gross monthly income.

✔️ Purchase Price: $80,000
✔️ Rehab: $32,500
✔️ All-In: $112,500
✔️ Current Value: $245,000
✔️ Monthly Income: $1,850
✔️ Strategy: Buy. Renovate. Rent. Hold.

This is the kind of long-term wealth-building opportunity that shows why buy-and-hold investing remains one of the most powerful plays in real estate.

How did you finance this deal?

Hard money for rehab, once rehab was complete refi'd using a 30yr DSCR loan

How did you add value to the deal?

Targeted renovations
Full Kitchen remodel, full bath remodel
New floors (LVT)
Paint

What was the outcome?

Significant equity as well as a strong cash flow position from monthly rents

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Our hard money lender was amazing on this deal. They got it closed in under 30 days and were very easy to work with. DM me for his contact info

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Gilbert, AZ · Member since 2024 · 21 posts · 5 votes
1y

So it seems the real trick is to find the hidden gem and then polish it?

See this reply in the discussion

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 728 votes
    1y
    Quote from @Eric Ray Foraker:

    Investment Info:

    Single-family residence buy & hold investment.

    Purchase price: $80,000
    Cash invested: $32,500

    This buy-and-hold flip is a textbook example of strategic real estate investing done right. Acquired for just $80,000, with $32,500 in targeted renovations, this property has been fully repositioned and now boasts a market value of $245,000.

    Not only did this deal generate significant equity on the back end, it also delivers strong monthly performance—with $1,850 in gross monthly income.

    ✔️ Purchase Price: $80,000
    ✔️ Rehab: $32,500
    ✔️ All-In: $112,500
    ✔️ Current Value: $245,000
    ✔️ Monthly Income: $1,850
    ✔️ Strategy: Buy. Renovate. Rent. Hold.

    This is the kind of long-term wealth-building opportunity that shows why buy-and-hold investing remains one of the most powerful plays in real estate.

    How did you finance this deal?

    Hard money for rehab, once rehab was complete refi'd using a 30yr DSCR loan

    How did you add value to the deal?

    Targeted renovations
    Full Kitchen remodel, full bath remodel
    New floors (LVT)
    Paint

    What was the outcome?

    Significant equity as well as a strong cash flow position from monthly rents

    Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

    Our hard money lender was amazing on this deal. They got it closed in under 30 days and were very easy to work with. DM me for his contact info

    Hey @Eric Ray Foraker, welcome to the BP Forum! How long ago was this completed and what was the actual ARV?

    • Member since 2021 · 9 posts · 4 votes
      1y

      Quote from @Jaycee Greene:
      Quote from @Eric Ray Foraker:

      Investment Info:

      Single-family residence buy & hold investment.

      Purchase price: $80,000
      Cash invested: $32,500

      This buy-and-hold flip is a textbook example of strategic real estate investing done right. Acquired for just $80,000, with $32,500 in targeted renovations, this property has been fully repositioned and now boasts a market value of $245,000.

      Not only did this deal generate significant equity on the back end, it also delivers strong monthly performance—with $1,850 in gross monthly income.

      ✔️ Purchase Price: $80,000
      ✔️ Rehab: $32,500
      ✔️ All-In: $112,500
      ✔️ Current Value: $245,000
      ✔️ Monthly Income: $1,850
      ✔️ Strategy: Buy. Renovate. Rent. Hold.

      This is the kind of long-term wealth-building opportunity that shows why buy-and-hold investing remains one of the most powerful plays in real estate.

      How did you finance this deal?

      Hard money for rehab, once rehab was complete refi'd using a 30yr DSCR loan

      How did you add value to the deal?

      Targeted renovations
      Full Kitchen remodel, full bath remodel
      New floors (LVT)
      Paint

      What was the outcome?

      Significant equity as well as a strong cash flow position from monthly rents

      Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

      Our hard money lender was amazing on this deal. They got it closed in under 30 days and were very easy to work with. DM me for his contact info

      Hey @Eric Ray Foraker, welcome to the BP Forum! How long ago was this completed and what was the actual ARV?

       Hey @Jaycee Greene

      We completed the project in December of 2024, so just a few months ago. ARV/appraisal was $245k as of January 2025 when we did the refi. Tenant moved in also in January '25

      I should have mentioned that in the initial post, will keep that in mind going forward 

      Eric

    • Jaycee GreenePro Member
      Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 728 votes
      1y
      Quote from @Eric Ray Foraker:

      Quote from @Jaycee Greene:
      Quote from @Eric Ray Foraker:

      Investment Info:

      Single-family residence buy & hold investment.

      Purchase price: $80,000
      Cash invested: $32,500

      This buy-and-hold flip is a textbook example of strategic real estate investing done right. Acquired for just $80,000, with $32,500 in targeted renovations, this property has been fully repositioned and now boasts a market value of $245,000.

      Not only did this deal generate significant equity on the back end, it also delivers strong monthly performance—with $1,850 in gross monthly income.

      ✔️ Purchase Price: $80,000
      ✔️ Rehab: $32,500
      ✔️ All-In: $112,500
      ✔️ Current Value: $245,000
      ✔️ Monthly Income: $1,850
      ✔️ Strategy: Buy. Renovate. Rent. Hold.

      This is the kind of long-term wealth-building opportunity that shows why buy-and-hold investing remains one of the most powerful plays in real estate.

      How did you finance this deal?

      Hard money for rehab, once rehab was complete refi'd using a 30yr DSCR loan

      How did you add value to the deal?

      Targeted renovations
      Full Kitchen remodel, full bath remodel
      New floors (LVT)
      Paint

      What was the outcome?

      Significant equity as well as a strong cash flow position from monthly rents

      Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

      Our hard money lender was amazing on this deal. They got it closed in under 30 days and were very easy to work with. DM me for his contact info

      Hey @Eric Ray Foraker, welcome to the BP Forum! How long ago was this completed and what was the actual ARV?

       Hey @Jaycee Greene

      We completed the project in December of 2024, so just a few months ago. ARV/appraisal was $245k as of January 2025 when we did the refi. Tenant moved in also in January '25

      I should have mentioned that in the initial post, will keep that in mind going forward 

      Eric

      @Eric Ray Foraker Given that it's that recent, that's unbelievable! Nice work. Too bad the sellers didn't realize they were sitting on a gold mine! Most people on here post these low cost BRRRRs and neglect to mention that they did it 10 years ago when the real estate world was a lot different. Keep up the good work! 

  • Gilbert, AZ · Member since 2024 · 21 posts · 5 votes
    1y

    So it seems the real trick is to find the hidden gem and then polish it?

    • Member since 2021 · 9 posts · 4 votes
      1y
      Quote from @Vincent Zhu:

      So it seems the real trick is to find the hidden gem and then polish it?


       Yes, but that's easier said than done most of the time. 

      In this case we bought from a landlord who was selling his entire portfolio to get out of the business completely. This was the last property he had and he just wanted out. It was actually listed at $70,000 and we offered 10k over asking, no contingencies

      It's few and far between but when something like this comes up it pays to have all your financials in order to be ready to pounce on it

    • Gilbert, AZ · Member since 2024 · 21 posts · 5 votes
      1y
      Quote from @Eric Ray Foraker:
      Quote from @Vincent Zhu:

      So it seems the real trick is to find the hidden gem and then polish it?


       Yes, but that's easier said than done most of the time. 

      In this case we bought from a landlord who was selling his entire portfolio to get out of the business completely. This was the last property he had and he just wanted out. It was actually listed at $70,000 and we offered 10k over asking, no contingencies

      It's few and far between but when something like this comes up it pays to have all your financials in order to be ready to pounce on it


      Hi Eric, definitely agree with you. Nice work.

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