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Updated almost 6 years ago on . Most recent reply
BRRRR on a VA-foreclosed home
Investment Info:
Single-family residence buy & hold investment in Oklahoma City.
Purchase price: $70,000
Cash invested: $30,000
This one was an inspired by the BRRRR strategy with lots of potential (a VA forclosure)... but life got on the way and I had to outsource a lot of the labor that I had planned on doing myself. I'm breaking even on it after Refinancing, but have learned so much in the process.
Most Popular Reply

@Angel V. well done getting on the RE road! Even at a break-even it's not a break-even because, as I'm sure you already realize, the lessons learned will pay dividends in the next deals. One of the biggest lessons I am reminded of and hear my clients recount is this: tasks ALWAYS take longer than you think they will. It's seems impossible to overestimate how long a simple task will take, from a large thing like installing a new door or shower pan to a tiny task like installing door stops, time adds up. So, be prepared for life to happen and get in the way and factor that into the budget/plans and then you'll be off to the races (to learn more lessons that you can grow on).
Small multi-family is a great path here in OKC! I love the process, and I love getting to do it alongside stellar folks.
Feel free to reach out with any question you might have!