BRRRR in Rio Grande, McAllen and surrounding cities

[Adrian Mahdian]

Hello and great day to you fellow Texans,

I think Rio Grande has some great potential! 📈

1))) I have around 200k in cash and want to scale up rather quickly, so I am thinking to BRRRR it!

BUY - in a C-B neighborhood.

Single story 2-4 units. (or more maybe...)

$170 000 ALL CASH buy!

REHAB - up to 30k rehab.

RENT- My main goal is to cashflow minimum $150 per door so a 4plex would give 600$ PURE cashflow in total.

9-15% Cash on Cash return.

REFINANCE- And of course refinance it to pull most if not all of my money out

Repeat...

2))) Could you share any multifamily BRRRR deals you have done lately? Any area in Rio Grande or even around to San Antonio, Austin is highly appreciated! 

3))) Any recommendations for GREAT people in the industry like PM,Agent, Lender, Investor would also be HIGHLY appreciated 

// Adrian