BRRRR SFH that is cash-flowing nicely

[Paul Costa]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $82,000
Cash invested: $70,000

Bought a property that someone started a rehab on and finished it up. Had some issues with the previous work done and some of the sub-contractors but got it done. AVR was good and we pulled 90% of our money out at refi time. The property s rented and cash flows nicely.

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

There was a relatively low cost to purchase and rehad the property. The area is good for small rentals.