BRRRR Investment to Selling.

[Matthew Gardner]

Investment Info:

Single-family residence buy & hold investment in Toledo.

Purchase price: $30,000
Cash invested: $46,000
Sale price: $120,000

BRRRR property. Mostly cosmetic rehab. Estimated 5-6 week rehab.

**Update. Flip took longer than expected due to COVID issues. Took approximately 3 months to complete. Was targeting price of around 80-90k for ARV. Ended up getting a good offer on property just as a lease was signed. Decided to sell and use for 1031 exchange to acquire bigger property with another property sold at same time.