BRRRR Deal Killeen Texas

[Eliott Elias]

Investment Info:

Single-family residence buy & hold investment in Killeen.

Purchase price: $70,000
Cash invested: $70,000

Purchase: 70k
Rehab: 40k
Rent: $1,400
Appraised: 170k

All in: 110,000
Cash pulled out: 119,000

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

I love this area

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

Wholesaler brought it to me
I helped negotiate the purchase and helped the wholesaler land his first deal!

How did you finance this deal?

Cash

How did you add value to the deal?

Tear down walls
Vinyl flooring
add a half bath

Lessons learned? Challenges?

Never pay contractors up front