Off Market 4 Plex OKC Full BRRRR in Paseo neighborhood

[Carter Still]

Investment Info:

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

Purchase price: $328,000

Off market 4 plex in paseo arts district area

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

Opportunity for a full BRRRR in one of OKC's premier rental neighborhoods/expedited appreciation

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

Wholesaler brought it to me (found me on BP)

How did you finance this deal?

Private loan up front, Cashout refi to bank loan

How did you add value to the deal?

Added Hvac, cosmetic remodel of all units, new appliances, in-unit laundry, new driveway

What was the outcome?

Total cost $400,000, Appraisal $600,000, fully cashed out costs + a little extra in loan proceeds, fully rented all 4 units in 10 days

Lessons learned? Challenges?

First project in a long time that majority of labor was hired out. Project went faster, was on budget, and quality of work was great.