BRRRR to Hedge Inflation

[Anastasia Gamino]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $87,500
Cash invested: $128,000

Buy: Purchase Price 87,500

Rehab: Renovation Budget 40,000

Refinance: ARV 160,000 LTV 80%. Pullout 128,000 with 5.5%- Local Bank

Rent: 1300

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

We wanted to keep our money working for us!

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

local wholesaler

How did you finance this deal?

BRRRR and flip money

How did you add value to the deal?

We have put in all new mechanicals, wiring, and we will have very little Cap Ex for a long time!

What was the outcome?

We are in the process of finishing up the renovation and starting the preliminary loan process.

Renovation will hopefully be done in less than 2 weeks!

Lessons learned? Challenges?

Less cash flow with higher rates, but we can refinance later down the road. It still cash flows a couple hundred buck!

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

Nuparadox