BRRRR Duplex off the MLS

[Garrett Terrell]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Olympia.

Purchase price: $362,000

BRRRR
Acquired with private money
Refinancing at 70% LTV at a 530k appraisal
$0 into the deal after cash out refi

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

Perfect BRRRR

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

on the MLS, beat 11 cash offers in one day on market with private money 2 week close

How did you finance this deal?

hard money 5% down about 25k cash out of pocket to acquire it

How did you add value to the deal?

bring units to market rent

What was the outcome?

acquired for 362, appraised for 530k

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

I am the agent and buyer, used my hard money lender for 5% down acquisition