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Updated almost 2 years ago,
First Potential BRRRR Deal
List Price: $215,000
Offer: $220,000
Rehab Budget: $30,000 (overestimate)
ARV: $275,000
Looking to use hard money to acquire and rehab and refinance into conventional or DSCR. The numbers on the rental may be a bit tight but it should cash flow a small amount with potential to refinance to a lower rate in the future or sell once rented.
Please feel free to provide any thoughts. Thanks!