Our first BRRRR project

[William Spekhardt]

Investment Info:

Single-family residence buy & hold investment in San Diego.

Purchase price: $435,000
Cash invested: $60,000

This was a live-in & flip; our first home purchased with a VA loan. We quickly remodeled and enjoyed this house for several years before moving.

How did you finance this deal?

We used a VA loan with no money down.

How did you add value to the deal?

We took out a starter loan and completely remodeled the kitchen and interior living spaces.

What was the outcome?

We now rent it out year-round and it cash flows for about $1,800 per month.