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Updated over 2 years ago on . Most recent reply

User Stats

435
Posts
284
Votes
Luther Wilson III
  • Real Estate Broker
  • Kansas City, MO
284
Votes |
435
Posts

Kansas City, MO Single Family Home BRRR Deal

Luther Wilson III
  • Real Estate Broker
  • Kansas City, MO
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $160,000

This is a property that we'll BRRR out and keep as a cash flow investment.

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

The location, the style of the home, and the long-term, cash flow opportunity.

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

We bought it off-market with the assistance of a local wholesale company.

How did you finance this deal?

A combination of hard money and private money.

How did you add value to the deal?

We'll be doing renovations and repairs that could total somewhere in the $55,000 - $65,000 range.

What was the outcome?

TBD

Lessons learned? Challenges?

Buy real estate. Then wait...

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

Reach out and we'll talk.

  • Luther Wilson III
  • Most Popular Reply

    User Stats

    435
    Posts
    284
    Votes
    Luther Wilson III
    • Real Estate Broker
    • Kansas City, MO
    284
    Votes |
    435
    Posts
    Luther Wilson III
    • Real Estate Broker
    • Kansas City, MO
    Replied

    Thank you, @Andrew Syrios and @Steve Redd

  • Luther Wilson III
  • Loading replies...