Updated 26 days ago on . Most recent reply
Textbook BRRRR at 7.8% DSCR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $20,000
BRRRR simple rental needed cosmetic work and was able to pull 100% of my capital back out via DSCR while leaving 25% equity in the deal.
What made you interested in investing in this type of deal?
location, this property is located in the most desirable city in the county and total project cost was 1/2 of the surrounding homes.
How did you find this deal and how did you negotiate it?
Found Via facebook marketplace
How did you finance this deal?
private lender and personal capital
How did you add value to the deal?
home needed new roof and causemetics as well as it was technically land locked when we bought it. We were able to work with a neighbor to get a legal easement
What was the outcome?
great little rental with good equity
Lessons learned? Challenges?
This was a routine Brrrr but the added easement negotiation was new challenge talking the the neighbors matters
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the Real Estate agent on the deal.
