Single Family BRRR in Waterloo, IA

[Jared Hottle]

Investment Info:

Single-family residence buy & hold investment in Waterloo.

Purchase price: $55,000
Cash invested: $20,000

Contributors:
Seth Engelbrecht

Single Family BRRR:
Purchase Price: $55,000
Rehab: $50,000
ARV - $151,000
Rented: $1300 a month

Some before and after pictures

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

Love rehabbing single-family homes

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

MLS

How did you finance this deal?

Commercial Financing and Construction Line of Credit

How did you add value to the deal?

Complete remodel

What was the outcome?

Perfect BRRR, Great rents, beautiful home

Lessons learned? Challenges?

Rehab was over budget, be ready for the unknown

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

Agent - Myself
Lender - Local lender