First BRRRR is a great Success

[Chelsie Runnings]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $187,000
Cash invested: $12,000

3 Bedroom 2 Bath in Gated Community

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

Low cost to get into, massive upside for equity and cash flow.

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

Local MLS - Bought at the beginning of the Pandemic when the real estate market was shaky. I used this shakiness to jump on a deal

How did you finance this deal?

Conventional Loan

What was the outcome?

 $68,000 in equity increase in 1.5 years. Now rented with $627 cash flow a month. Did a Cash out Refinance to purchase a new property. 

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

Represented myself