Perfect BRRRR number 2!!!

[Robert Arroyo]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $62,000
Cash invested: $38,000

This house was purchased from the previous owner during mid remodel! The property was a Distressed fixer that was brought to my team and I from a local. It needed a TON of work! Not quiet a down to the studs remodel but it needed a significant amount of work.

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

A local gave us the lead on the property, I spearheaded the traction by cold calling the owner. He initially wanted 75k for the property but after some back and forth I was able to get him down to 62k due to the condition and amount of work needed for the property.

How did you finance this deal?

Local lender construction loan. We received 22k+ at closing for repairs!