To Be Continued….. will update in April

[Andy Giles]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $34,000
Cash invested: $5,000

Closed Sept 21 2022 rehabbed about 15k. We will Cashout refi in April hopeful for ARV of 60k so we will have minimal out of pocket

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

The BRRRR method

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

Brought to me by a friend. We offer $500 finders fee so hopefully we get more off Market deals

How did you finance this deal?

Cash from HELOC and already have a tenant moving in Nov 5th

How did you add value to the deal?

Gutted 2 bedrooms and bathroom, added AC unit and few windows doors etc

What was the outcome?

TBD in April

Lessons learned? Challenges?

Plan to go over budget

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

Just the contractor