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Updated over 1 year ago,
infinit BRRRR IN SAN ANTONIO. INVESTOR FROM ARGENTINA
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $82,500
brrrr this property. take all money out. and cashflow 900
What made you interested in investing in this type of deal?
WE BOUGHT IT FOR $82.500
INVEST $92,000 IN RENO
LENDER AP FOR $290,000
WE REFINANCE.
TAKE ALL MONEY OUT AN SOME MONEY .
How did you find this deal and how did you negotiate it?
direct to agent. i have a crm that blast 300 agents a day. we have 5000 relationship with agents.
How did you finance this deal?
hard money
How did you add value to the deal?
no.
it was a REO. SO WE BOUGHT 30% ARV
What was the outcome?
-
Lessons learned? Challenges?
A LOT. CONTRACTOR SUCKS.
YOU HAVE TO ME THERE ALLWAYS.
BE EXTREME CONSERVATIVE WITH YOUR NUMBERS.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
AGENT/LENDER.