First infinite return achieved using BRRRR method!

[Mike DeWitt]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $49,500
Cash invested: $24,000
Sale price: $115,000

Our second BRRRR turned out a ton better. We achieved INFINITE CoC ROI and ~$250/mo cash flow.

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

We liked the idea of "recycling" our cash to keep acquiring more cash flowing rentals.

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

We found this deal using a local wholesaler. We paid full asking price.

How did you finance this deal?

We used a HELOC on our primary residence to purchase. When we refinanced, we were able to pay the entire balance off!

How did you add value to the deal?

We added a half bathroom, granite counter tops, painted cabinets and new LVP floors and fixtures.

What was the outcome?

$250/mo cash flow and infinite ROI

Lessons learned? Challenges?

This one was a bit smoother than previous investments. We did learn to ALWAYS start with permits and to trust local boots on ground to select appliances for these types of homes. The refrigerator took up the entire kitchen!