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Updated 8 months ago, 03/13/2024

User Stats

12
Posts
7
Votes
Gavin Pelkington
  • Investor
  • Fort Wayne
7
Votes |
12
Posts

BRRRR Deal Fort Wayne

Gavin Pelkington
  • Investor
  • Fort Wayne
Posted

Investment Info:

Single-family residence other investment.

Purchase price: $180,000
Cash invested: $40,000

Off market BRRRR deal. Purchased the house cash with a partner. Renovated the property investing another 40k increasing ARV to roughly 265k. Holding as a cash flowing rental now.

How did you finance this deal?

Cash with a partner.

How did you add value to the deal?

Full cosmetic rehab.

User Stats

729
Posts
434
Votes
Jake Baker
Tax & Financial Services
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • San Diego, CA
434
Votes |
729
Posts
Jake Baker
Tax & Financial Services
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • San Diego, CA
Replied

@Gavin Pelkington

Looks like a great deal! low cash invested. 

business profile image
BookkeepingRE
5.0 stars
1 Review

User Stats

565
Posts
331
Votes
Michinori Kaneko
  • Rental Property Investor
  • New York
331
Votes |
565
Posts
Michinori Kaneko
  • Rental Property Investor
  • New York
Replied

That's great. what rent are you collecting, and how much are your cashflowing? what is your ROI?

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User Stats

4,362
Posts
4,248
Votes
Robin Simon
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
4,248
Votes |
4,362
Posts
Robin Simon
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied

Congrats, looks like a solid deal!

  • Robin Simon
  • [email protected]