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Updated almost 5 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Dillon Jackson
  • Rental Property Investor
  • Charleston, SC
1
Votes |
5
Posts

Would anyone share how their brrrr investment has gone?

Dillon Jackson
  • Rental Property Investor
  • Charleston, SC
Posted

I would love to see how the numbers work out in various deals.

Most Popular Reply

User Stats

144
Posts
218
Votes
Brian Zaug
  • Lagrangeville, NY
218
Votes |
144
Posts
Brian Zaug
  • Lagrangeville, NY
Replied

I just finished up another brrrr and this was a good one. 

I purchased a duplex cash for 90K and rehabbed for 40K.

I'm All in at 130K.

Duplex gross monthly rents are now $2300 (util. seperate)

Appraisal came in at 205K!

I'm doing a 70% cashout refi so i'm getting back the 130K i put in, plus an additional 5K which i'm buying a sweet quad with! 

Thanks to this house, I have about 1k a month cashflow coming in,  a new quad, and still have all my money.   

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