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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago on . Most recent reply

User Stats

6
Posts
13
Votes
Adam R Gebner
  • Rental Property Investor
  • Tacoma, WA
13
Votes |
6
Posts

2nd Fayetteville, NC BRRRR in the books!

Adam R Gebner
  • Rental Property Investor
  • Tacoma, WA
Posted

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

User Stats

106
Posts
108
Votes
Don-Carlos Moniz
  • Real Estate Agent
  • Fayetteville, NC
108
Votes |
106
Posts
Don-Carlos Moniz
  • Real Estate Agent
  • Fayetteville, NC
Replied

@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.

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