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Updated almost 7 years ago, 03/08/2018
![Nick Mullen's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/336117/1621445084-avatar-ncmullen.jpg?twic=v1/output=image/cover=128x128&v=2)
My First Rehab finished--Arlington VA
Hey All,I just completed my first remodel on a 2B/1.5Ba in Arlington VA! Here's the bullet points:
Purchase Price: 370K
10% downpayment
Seller financing at 2% ammort over 30 years, ballooning in 2. I get traditional financing after that
I Invested 75K into the rehab, which turned the unit into a 3B/2.5Ba
ARV is +-475K
It is renting at $2900/month
I think I got a great deal on the purchase of the property, and and hopeful to find the next deal soon. Perhaps this will eventually be a BRRRR property. I'm not quite sure yet. I welcome any questions comments feedback or the like.
Thanks! I'm so happy BP is here
Cheers,
Nick