BRRRR Long term hold

[Jordan Wolff]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $38,000
Cash invested: $37,500

BRRRR Long term hold
Address: 129 E Woodland Drive, Montgomery, AL 36105
Purchased Specs: 3 Bedroom 2 Bathroom
After Rehab Specs: 4 Bedroom 2 Bathroom
Purchase Price: $38,000
Rehab Cost: $37,500
ARV:115k

[Jordan Wolff]

Quote from @Jaycee Greene:

Quote from @Jordan Wolff:

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $38,000
Cash invested: $37,500

BRRRR Long term hold
Address: 129 E Woodland Drive, Montgomery, AL 36105
Purchased Specs: 3 Bedroom 2 Bathroom
After Rehab Specs: 4 Bedroom 2 Bathroom
Purchase Price: $38,000
Rehab Cost: $37,500
ARV:115k

@Jordan Wolff Great numbers! What attracted you to buy and do a gut rehab on this property? Are you from Montgomery? Do you have family or friends there?

Are you renting to a Section 8 tenant? The FMR for a 4 BR in this zip code is $1,580.

 Thank you! I think Montgomery has a lot of potential. Not from the area, yes renting section 8. I'm expecting a more conservative rent for it at 1400 but hoping for more. After pml, and refi 75% I will be all in for ~100k leaving ~13k in the deal for ~$460/m cashflow. if I get the $1580 that would be even better!