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Updated over 6 years ago on . Most recent reply

Robert McConnell's profile image
Robert McConnell's profile image
Robert McConnell
  • Investor
  • from Voorheesville, New York
  • Member since Mar 23, 2014
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13
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5
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Robert McConnell's profile image
Robert McConnell's profile image
Robert McConnell
  • Investor
  • from Voorheesville, New York
  • Member since Mar 23, 2014
Connect
Robert McConnell
  • Investor
  • Voorheesville, NY
5
Votes |
13
Posts
Buying & Selling Real Estate

Recent two-family BRRR - Upstate, NY

Robert McConnell
  • Investor
  • Voorheesville, NY
Posted

Just completed my second BRRR. It is a two-family outside Albany, NY, in the town of New Scotland. During the rehab, we replaced all floors with laminate, new roof, new appliances, new bathroom vanities, and we pulled up the landscaping.

Purchase price: $175,000

Recent bank Appraisal: $230,00

It now rents for $1150 a unit. Up from $950 (and one vacancy). The first two photos are before and rest are after. I'm liking the BRRR strategy but would like to step up to multi-family.

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