First BRRRR at 20 years old doing 7 figures in SFR REI

[Jovanni Thammavongsa]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $315,000
Cash invested: $85,000

First investment property, property pays for itself and then some. I bought this property with my business partner at 20 years old

Pics was halfway through the project

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

Needed to put money into a deal and for tax purposes

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

local wholesaler

How did you finance this deal?

traditional

How did you add value to the deal?

renovations, cleaning up the property

What was the outcome?

cash out refinanced, made our money back and it cash flows a month

Lessons learned? Challenges?

Find solid contractors, ****** ones take a long time and give false promises