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Posted over 9 years ago

My Latest BRRRR is Rehabbed and Ready to Rent

After a little over two months, the house on Blythe Ferry Road in Cleveland, Tennessee is now renovated and ready to rent. This house was a foreclosure from a local bank and it was in need of some TLC.  Below are a few “Before” photos of what the house looked like when we purchased it.  

Take a look at the kitchen and see if you can be the first to post in the comments section something you don't typically find in a kitchen.   This was the first time I ever found one of these in a house I purchased. ;)

Normal 1436673333 Img 20150430 163319580

Normal 1436673421 Img 20150430 163500563 Hdr

Normal 1436673488 Img 20150430 164127222

Normal 1436673542 Img 20150430 163429793 Hdr

First Week

The first week of rehab consisted of removing the personal contents of the house, removing the old carpet and pad, and cleaning the house. The workers filled up two, 30 yard dumpsters of trash! The chimney was repaired and several pieces of worn out plywood sub-flooring was replaced during this first week.

Electrical & Plumbing Repair
We then removed all of the old galvanized steel water pipes and replaced them with Pex water pipes and a new water heater. We also replaced all the light fixtures, outlets, added smoke/carbon dioxide detectors, and updated the electrical of the house.

Interior Prep & Paint
Then came the removal of the old wall paper. There was a lot of it and this took time! Followed by patching/ sheetrocking holes where the plumbing pipe was replaced. All the ceilings, walls, and trim were painted on the inside.

Outside Repairs & Paint
The outside was also painted and the back deck was stained. New gutters were installed and the brick was cleaned from where the previous owners had accidentally let paint splatter onto the brick.

Final Touches
The kitchen was updated with a new stove, cooktop, microwave, and refrigerator. We also updated the faucets and shower hardware. Finally, new carpet and garage doors were installed this past week. The house has really come back to life and looks great!

Below are a few pictures of the house after renovation.

Normal 1436673709 665 Blythe Ferry Cleveland Tn House

Normal 1436673736 Blythe Ferry Kitchen 1

Normal 1436673754 Blythe Ferry   New Garage Doors

Normal 1436673876 Blythe Ferry Kitchen 2

Normal 1436673824 Blythe Bath 3

Normal 1436673845 Blythe Ferry Sunroom


In the end this deal finished at about 75% ARV.  Not a grand slam, but a solid return for a rental property in a good school zone and middle class neighborhood.


Comments (13)

  1. Great job Michael!

    I hope you wore gloves... ha


  2. Thanks Nathan!  Glad you enjoyed it!

    Michael


  3. Inspiring! I just listened to the podcast and loved it. I signed up for Brandon's webinar tonight on the BRRRR strategy. I can't wait to try it out!


  4. Thanks Dylan!  It was a lot of fun.  

    The flip has turned out to be a solid property.  I've got good tenants in it that are paying on time and no issues so far.  Hopefully, all will continue to go well. :)


  5. Great podcast Michael. And great flip! Looks awesome. Nice job.


  6. Listing to the podcast I was expecting a crack pipe or something.  That was far worse lol!


    1. Hey Marcus - Haha. Yeah. I think I would have rather it had been a crack pipe as well. ;)

  7. That brings midnight snack to a whole new level.


    1. haha. No kidding!


  8. Thanks Tristan. Did you notice anything unusual on the kitchen table from the "before" photos? No one has guessed right yet.


    1. I hate to mention exactly what I think I see, but it appears to be something of a phallic nature, but its facing away from the camera so can't be sure.


      1. haha. You were the first to guess right! 

        First time I ever found one of those in a property I bought. And it was sitting on the kitchen table. ;)


  9. Very nice! 

    BRRRR is a great strategy, and I can't wait to implement it.

    Thanks👍