Back to the Basics BRRRR

[Mike DeWitt]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $72,000
Cash invested: $29,000

BRRRR # 4

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

Our Property Manager owned this property and rented it to his employees. He was ready to offload and he hooked us up!

How did you finance this deal?

HELOC and cash

How did you add value to the deal?

Added a bathroom and bedroom

Lessons learned? Challenges?

We're getting pretty good at this!