Recent two-family BRRR - Upstate, NY

[Robert McConnell]

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.