My First BRRRR

[Justin Pickering]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $46,000
Cash invested: $60,000

BRRRR - ARV of $210,000
48,000 PURCHASE PRICE
60,000 IN RENOVATIONS
CASH FLOW AFTER REFI - $400, PLUS RECOUPED CLOSING COSTS AND 60K IN RENO

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

BIGGER POCKETS!

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

ZILLOW AND IN PERSON

How did you finance this deal?

RENOVATION LOAN

How did you add value to the deal?

COMPLETE GUT OF THE HOUSE, PLUS ADDED A BATHROOM AND TURNED FAMILY ROOM INTO A MASTER BEDROOM