Latest BRRRR project closed on. Reno is about to begin.

[Eric Prine]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $60,000

We just closed on our latest BRRRR project. We'll be renovating it over the next several months and then getting a renter in it.

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

There was value to add.

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

I met the seller who inherited it from his sister after she passed. I was going to help him sell it but nearly 4 years later he still hadn't done anything with it so we offered to buy it from him as is.

How did you finance this deal?

conventional investment loan. We will use HELOC to renovate.

How did you add value to the deal?

We will be spending about $75k on a renovation which will add about $125k worth of value.

What was the outcome?

Still in process.

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

Mike Tavani at Guaranteed Rate is the best in the business.