Updated over 6 years ago on . Most recent reply
Cedar Rapids BRRR Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $60,000
Cash invested: $11,500
Duplex with one bed, one bath each unit. Upper unit has flex space for office or second, non-conforming bedroom. 15 year commercial loan and this will be our first BRRR property. Starting approximately $25k in renovations next month, and should cashflow approx. $350/month once rented!