Updated almost 5 years ago on . Most recent reply
Taking the leap! My first Rental unit.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $13,000
I did it! This is my first BRRRR investment. There is work to be done so that I can raise the appraised value and cash out some of my initial investment. I don't expect to be able to fully cash out in 6 months, but since this is my first property, I am more concerned with the learning process than executing a perfect BRRRR.
How did you finance this deal?
I used a local bank and a 80/20 loan.