My First BRRRR

[Carter Corzatt]

Investment Info:

Single-family residence other investment.

Purchase price: $51,000

After repair value $140,000. Rehab $30,000. Currently house hacking while a BRRRR.

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

Opportunity to refinance cash out to buy more properties.

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

On the market. It had been on the market for 7 months and didn’t have any interest.

How did you finance this deal?

Bank rehab loan.

How did you add value to the deal?

Currently rehabbing the property.

What was the outcome?

N/A

Lessons learned? Challenges?

Don’t be afraid to take the first step.

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

Wendy Corzatt at Ruhl & Ruhl Realtors. Ben Lanz at Mediapolis Savings Bank.