First BRRRR Ever

[Richard Lange]

Investment Info:

Single-family residence other investment.

Purchase price: $288,000

BRRRR on a SFH

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

Good numbers

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

On MLS, negotiated down to make the numbers work

How did you finance this deal?

Bank loan

How did you add value to the deal?

Added ~400 sqft

What was the outcome?

Got all investment out of the deal. Now renting with ~1500/mo cash flow.

Lessons learned? Challenges?

Got really lucky with the market timing. Really learned a lot by working with the contractors for the better part of a year.