Updated over 8 years ago on . Most recent reply
Just placed a new tenant in a 4 BR 1 Bath. Beating the 2% rule
I invest in Joliet IL which is a somewhat low income area of older homes. I bought this house for 40K, put 20K into it and brought it up to our standards for a rental. We have a new tenant moving in within a week. The renovation took about 2 months because the holidays slowed us down a bit. But all in all, I'm really excited. We are getting $1400 a month. Ready for the next deal.
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Another one down! Sounds like some great numbers on the property - congrats!
What do you think that the ARV is... potential to BRRR here?
EDIT: saw you answered the ARV question already in the thread.