Most Recent BRRR... Looking for the next opportunity
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $116,000
Cash invested: $50,000
Single family BRRR strategy rental. Seasoning for 6 months to get initial cash back out. Full rehab to include: reconfiguration, new windows, new HVAC system and all cosmetics.
What made you interested in investing in this type of deal?
Looking to grow my single family rental portfolio
How did you find this deal and how did you negotiate it?
Direct Mail. Negotiated directly with the seller. It was his parents house and he was the executor.
How did you add value to the deal?
Full rehab including HVAC, window and full cosmetics.
What was the outcome?
Will be a rental. Currently listed for rent.
Lessons learned? Challenges?
Don't under-estimate the cost of dumpsters :-) Lots of stuff that had to be hauled off.
