Traditional BRRRR in Highland

[Tony Acree]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $140,000
Cash invested: $45,000

Traditional BRRRR.

Rented for more than initially expected.

About $4,000 left in the property after refinance.

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

Being able to repeat the use of funds is a big attraction to BRRRR deals!

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

Found it on the MLS. My wife and I were one of the first to notice a property that hit our criteria and moved quick to get it under contract.

How did you finance this deal?

Personal funds to acquire, and conventional financing to refinance.

How did you add value to the deal?

Sweat equity! I did most of the renovation work myself while my wife ordered material and managed budget.

Very few contractors.

What was the outcome?

A solid investment!

Lessons learned? Challenges?

I underestimated the total budget, but only a little.

Managing full time employment and a full renovation is difficult. In the end, I prefer the reno ;)

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes! Message me for any specific referrals.