Updated over 3 years ago on . Most recent reply
Latest BRRRR (Missouri)
This little gem came right off the MLS in February. It was in probate.
Purchase:65k
Rehab:40k
Arv:140k
Rent:$1300
We did an as-complete appraisal so knew the arv before we closed. Because we knew the arv and had a solid estimate from our top notch contractor, we knew we could cash out before we started. Bought with a construction loan.
It had ALOT of nicotine!
We inherited a car. Had to sell it for scrap, couldn’t get the title.