Unicorn BRRRR 🔥

[Jordan Ray]

Investment Info:

Single-family residence buy & hold investment in Memphis.

Purchase price: $101,000
Cash invested: $2,188

Closed with only $2,188 using a 100% purchase & rehab hard money loan and also had my closing costs wrapped into my loan! Renovation took 3 weeks and I had it marketed in "Coming Soon" on Zillow and rented to a TBRA tenant for $1,781/month and they moved in literally the day after my general contractor completed the renovation! TBRA is another HUD program that is kind of like Section 8 (MHA) with 1 thing I like better... they pay the 1st months rent and the security deposit the same day as a passed inspection! To summarize this deal: $101K purchase + $20K rehab then it appraised for $165,000. Rented for $1,781 before the 1st mortgage payment. My cash on cash return is wild at 210.42%!!!! 🔥🔥🔥 Talk about a unicorn deal! 🦄