Property #5 - $65k purchase price, immediate $140k appraisal

[Matthew Amabile]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $65,000
Cash invested: $10,000

BRRRR deal. Property appraised at 140k with 65k purchase price. Occupied SFR

What made you interested in investing in this type of deal?

The ability to pull my cash out immediately

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

MLS, called owner and convinced him to get out of contract with the current buyer and to go in contract with me

How did you finance this deal?

hard money, cash for down payment/closing costs

How did you add value to the deal?

new floors, new roof

What was the outcome?

140 valuation

Lessons learned? Challenges?

If you think you can get a deal, get it!