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Updated almost 4 years ago,

User Stats

175
Posts
76
Votes
Jeff Richardson
  • Lender
  • Irving, TX
76
Votes |
175
Posts

Our newest BRRRR in Texas

Jeff Richardson
  • Lender
  • Irving, TX
Posted
We have a contract on rental #6. Cash out of pocket $15,000, Purchase price $89,000, rehab $23,000, ARV $135,000, capital gain $12,000, 80% return on capital gains, monthly cash flow $463, 37% cash on cash return, total return for year 1 without appreciation: 125%. We have or are looking to invest in DFW, dallas, Fort Worth, Texas, Houston, garland, mesquite, Rowlett, Katy, sugarland, haltom city, Denton, Waxahachie, Waco, Austin, San Antonio, round Rock, Gainesville, Justin, Arlington, Grand Prairie, Irving, farmers branch, rockwall, Corinth.

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