Finally Feeling Like an investor

[David Miller]

Positive post Tuesday!

Long story short, I bought a foreclosure in 2014 (having no clue what I was doing) and fixed it up. Used a HELOC on it last year to purchase two properties in the west cleveland suburbs. Did some aesthetic work on those, dealt with tenant issues, and have come out the other side. Just bought a new personal residence and rented out that original house as well. While still on refi #3, i'm basically through the other side of the BRRR strategy and here is where I stand.

3 rentals
purchased at 81k +10k rehab - Refi at valuation of 125k renting for 1250
purchased at 85k +10k rehab -Refi at valuation of 130k renting for 1250
purchased at 250K+35k rehab - Refi at valuation of 385k renting for 2400

So i'm left with no HELOC, 60k in cash, and three rented cashflowing properties. Looking for the next property to continue the journey.

if you're new and wondering...it really does work. Especially when you're in a market that makes everyone look good. Thanks to BiggerPockets forums and podcasts for making all the information easy to understand and available. This community rocks.