BRRRR - First House Cash Offer Example

[Mandy Darlington]

Hi Everyone! I have not seen any examples of cash offers for house #1 using the BRRRR strategy. Would someone be able to check my math below? Also, do real estate markets in the U.S. exist with these numbers?

I have been aggressively saving money for the past few years and believe I will have enough cash to bi-pass a loan for the first house, if I can find a location that fits my approx. $155K all-in cash budget. I live in NYC and will be investing long-distance. Thank you!