Rental Property #5 - Personal BRRRR #4

[Jordan Ray]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $88,000
Cash invested: $11,429

Just bought this BRRRR in 38128 for only $88,000 from a wholesaler off of InvestorLift. What a smoking price for this! Only needs $25K. Should rent for $1500/month and the ARV should be $160,000. The wholesalers on this one worked out some rent back for the seller if he was able to get his tenants out by 7/10/2025 so that way I could buy it and close vacant. I plan to put section 8 in the property so this awesome property starts performing on my portfolio like the rest of them!

What made you interested in investing in this type of deal?

Numbers looked good online, made an offer at the "buy it now" price on InvestorLift at $98,000. Negotiated a $10,000 reduction after inspection.

How did you find this deal and how did you negotiate it?

InvestorLift. Negotiated a $10,000 reduction after inspection.

How did you finance this deal?

Avalon Capital's 100% Purchase & 100% Rehab hard money loan!

How did you add value to the deal?

$25K in rehab, several things so reach out if you want specifics.

What was the outcome?

My anticipated outcome will be a solid BRRRR with a rate & term refi, at least $350/month cashflow, and a high cash on cash return. have done this several times already with clients and on my own personal properties so I know it works!

Lessons learned? Challenges?

One thing I have on this deal that I know will be a learning curve for me but I am sure I will handle it fine is that the property has termites but I am getting it treated immediately from my local pest guy and will be doing a-lot of carpentry work for this one!

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

Yes, I am my own agent. The wholesaler from InvestorLift. Avalon Capital for hard money funding.