BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago on . Most recent reply
2nd Fayetteville, NC BRRRR in the books!
My wife and I just completed our second BRRRR on our fourth rental property: a SFH in Fayetteville, NC.
Here are the details:
Purchase Price: ~$55,000
Rehab: ~$10,000
Rent: $925
Appraised ARV: $125,000
Cash Out Refi: ~$90,000
We are very pleased with our improved performance from the 1st to the 2nd BRRRR...excited to redeploy these dollars on another SFH BRRRR!
Most Popular Reply
@Adam R Gebner, that is great. I just started getting active on BP and it is awesome to see someone in my local area completing a project like that. Good luck on the next one.
- Don-Carlos Moniz
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