BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago,
What would a buyer want to see in this deal?
Hi BP community!
This is the first investment I've done and it's currently pending offer acceptance. Although I would love to handle the management on this (the cash flow alone is nearly $50K a year) and the property is recently renovated and in very good shape, the right buyer will come along.
My question is: What questions would a buy&hold and-or BRRRR buyer ask to make sure this is a good deal for them?
Property Info:
Single-family residence buy & hold, long-term month to month tenants investment.
Purchase price: $590,000
Duplex 2/1 + 2/1 1500+ sq ft. Single story, parking for up to 6.
What made you interested in investing in this type of deal?
Cashflowing first investment in a neighborhood poised to appreciate.
How did you find this deal and how did you negotiate it?
Thru a local agent who uses OneHome portal.
How did you finance this deal?
Private lender
Thank you in advance!