Updated over 6 years ago on . Most recent reply
Small BRRR Property With Great Potential
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $54,000
Cash invested: $12,000
We bought this property as an intensive rehab and are currently in the process of getting it fixed up to rent and refinance. It is a 3/2 with a carport near some of the area's community colleges.
What made you interested in investing in this type of deal?
Low cash out of pocket, huge transformation with amazing cap gains and cash flow combined.
How did you find this deal and how did you negotiate it?
Lifestyle's Unlimited and their network of wholesalers.
How did you finance this deal?
Hard Money and will refinance to conventional loan.
How did you add value to the deal?
Gutted it and are re-doing the entire thing.