Updated over 9 years ago on . Most recent reply
Our first BRRR and it was a success!
Purchase price: $58k cash, Renovations and holding costs $10k.
Appraised $128K (lower than I expected, but market is tightening up). Cash out $96K.
Rented at $1200/ mo. Only on the market for 1 week.
My Before pics are not great.... the house was pretty nasty. lol
Most Popular Reply
Um...renovations AND holding costs were $10k?! It looks like you did a lot: exterior paint, roof (?), landscaping, fending, kitchen, flooring...what's your secret? Did you do the work yourself?