Point Richmond BRRR that is cash-flowing already!

[Faith Importico]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $140,000
Cash invested: $50,000

This was a clean property that I added some rehab on the kitchen and finishing touches. 3 bed house and I have a pair of tenants living there now~

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

Long term cash flow & Equity

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

This was one of the deals we were selling in my brokerage

How did you finance this deal?

Hard money Lending

How did you add value to the deal?

Updated the kitchen and redid the flooring in the home

What was the outcome?

The house looks great, rental grade and I will have cashflow for years to come.

Lessons learned? Challenges?

You find a lot of things when you pickup where another investor left off mid rehab.

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

I do! I have contacts to everyone I would need, contact me if you need references.