BRRRR in New London Connecticut still in progress

[Jason Pollard]

Investment Info:

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

Purchase price: $80,000
Cash invested: $80,000

We purchased this property as a BRRRR. This property consists of two buildings. The first building is a commercial convenience store on the first floor with a walk out basement apartment. The second building is a large two family that is currently vacant. The second floor needs windows and cosmetics and the first floor was gutted and we will start from scratch. Estimated we will invest 80k in the total remodel. We plan to take 100% of our initial investment and remodel out in a refi.

How did you finance this deal?

Paid cash and we plan on refinancing once complete