We used the BRRR Method

[Alanis Miller]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $487,000
Cash invested: $120,000

Bought this house for $487k in San Diego. Put $120k into the rehab and did a cash out refinance. We now rent it out for $6k and make $1k profit per month.

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

I found this property through an off market deal and I saw the potential immediately and knew I needed to act fast.

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

I found it by talking to everyone I knew that I wanted to buy a distressed house till finally someone came to me with their home.

How did you finance this deal?

My husband and I financed it with a VA Loan.

How did you add value to the deal?

$120k of rehab

What was the outcome?

$128k profit and still have it as a long term rental making $1k a month

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with Chris Robley as my loan officer and he is the best ever! I have used him on multiple deals since this first one.