My First BRRRR

[Miguel Hernandez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $74,000
Cash invested: $35,000

Purchased this duplex for 74k and the appraisal came back at 160k.

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

I wanted to purchase a small multi family and after looking for about 1 year i finally landed this project.

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

I found this deal on the MLS

How did you finance this deal?

Hard money lending

How did you add value to the deal?

I remodeled the entire inside of this project. Both units got updated through the entire property.

What was the outcome?

Outcome was a struggle. This was my first deal and I made so many mistakes that cost me. But in the end, I am grateful I tackled this project. I learned so many lessons that I will take into my next project.