Another Successful BRRRR

[Tina Wicks]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $17,000
Cash invested: $23,000
Sale price: $70,000

The BRRRR was completed in December but just finished the refi. Was able to pull out all of the money and then some and raised rent by almost 40% after the rehab with a new tenant.

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

I'm using the BRRRR model to make my capital go further.

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

Seller had 3 properties to get rid of offmarket.

How did you finance this deal?

Cash then refi into long term mortgage