First BRRRR deal, SFH turned into a duplex

[Kyle Wegg]

Investment Info:

Single-family residence buy & hold investment in Penn Valley.

Purchase price: $300,000
Cash invested: $128,000

Finally finished and got a 550k appraisal. i split into a duplex and getting $3400 for rent, and 200k back on my cash out refi. I'll leave about 30k in on the deal and cash flowing $800 a month

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

off market deal and saw an opportunity to split a SFH into a duplex.

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

My lender sent it to me, and i negotiated directly with the seller

How did you finance this deal?

hard money and i offered the seller 40k in bitcoin on the side.