Updated over 6 years ago on . Most recent reply
Our First Brrrr Property
Investment Info:
Single-family residence buy & hold investment in Clarksville.
Purchase price: $59,974
Cash invested: $25,000
Bought at auction sight unseen and renovated using "cash" from HELOC. 92% of initial financed out leaving $192 in monthly cashflow after PITI and management fees.
What made you interested in investing in this type of deal?
Ability to scale
How did you find this deal and how did you negotiate it?
Found on online auction website.
How did you finance this deal?
HELOC
How did you add value to the deal?
Complete Rehab of property
What was the outcome?
92% of capital invested refi'd out with $192 of positive cashflow after PITI and management fees.