My best BRRR deal so far

[David Nino]

I have used the BRRR strategy several times in the last few years but my best one was in 2018. Purchased in Feburuary for 40k cash from my line of credit. I put 12K into it for a total of 52K investment. The property appraised for 113k when I was done. I took out a 75k mortgage on it to pay back the 52k investment and put 23k in my pocket. Rented out the house for 1175. My payment on the 75k mortgage is 720 so I am cashflowing 455 per month on this property. Would love to find some more deals like this!!!!