Birmingham BRRRR full recycle of funds
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $49,900
Cash invested: $22,200
BRRRR Buy and hold.
Address: 2643 16th Street Birmingham Alabama 35208
Purchase Price: $49,900
Rehab Cost: $22,200.00
Current Home Specs: 3 Bed 1 Bath
After Rehab Specs: 3 Bed 2 Bathroom
After Rehab Value: $145,000.00 (confirmed)
Conservative S8 Rent: $1,275
Purchase out of pocket: $9,691
PML Carry: $833 x 5 months
Mortgage + expenses ~1000/m
Conservative Cashflow: $275
more photos to come
How did you find this deal and how did you negotiate it?
Wholesaler
How did you finance this deal?
PML
How did you add value to the deal?
3:1 to 3:2
Lessons learned? Challenges?
PML can be too costly at times. Will avoid if possible in future deals or find a more reasonable option.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Not at the moment
