First BRRRR property

[Heath D Wallace]

Investment Info:

Single-family residence buy & hold investment in Bristol.

Purchase price: $75,000
Cash invested: $69,500

This a complete gut rehab. The foundation needs raising, the electrical breaker box needs updating, we are adding a bathroom, so it will be a 3 bed 2 bathroom once all is said and done. Everything else has been gutted to the studs.

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

I wanted to try the BRRRR strategy

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

I found it through a realtor on Zillow, who told me she had just what I was looking for.

How did you finance this deal?

HELOC

How did you add value to the deal?

By adding a bathroom, repairing the foundation, adding HVAC, upgrading everything else.