Perfect Long Distance BRRRR

[Robert Arroyo]

Investment Info:

Single-family residence buy & hold investment in Hallsville.

Purchase price: $75,000
Cash invested: $45,000

This property was acquired in august of 2020 full cosmetic fixer. Had to repair the floors, kitchen, countertops, paint, bathroom/ showers, finishes, plumbing and also the siding.

How did you find this deal and how did you negotiate it?

Referral from a friend

How did you finance this deal?

100% private money used, repaired the entire property and did a cash out refinance. Got 80% LTV with an appraised value of 155k.

Paid off the private loan and now it’s a great cashflow producing asset.

How did you add value to the deal?

Cosmetic fixer and repaired many functional issues with the property.