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Updated 3 months ago, 10/12/2024

User Stats

45
Posts
21
Votes
Roque Miranda
Pro Member
  • Contractor
  • Miami FL
21
Votes |
45
Posts

BRRRR completed final pictures, see you next time

Roque Miranda
Pro Member
  • Contractor
  • Miami FL
Posted

Investment Info:

Single-family residence buy & hold investment in Montgomery.

Purchase price: $32,000
Cash invested: $58,354
Sale price: $105,000

5/17/24 purchase.
Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.
I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!! keep you all posted.
_____________________________________________________________________________________________________________

7/28/24 - UPDATE WITH NEW PICTURES.

Hi all, just sharing the update and the experience, we finally after interviewing about 4 different contractors picked the right one so far.
We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.
My contractor is also an investor, so we were lucky there, good insight to share and also, he has lots of leads for renters.
But he is NOT a good photographer LOL. here are some progress pictures .

Also, I will like to share that we are closing on one more single-family property early next week and we have a duplex under contract.
_________________________________________________________________________________________________________________________________________

10/12/2024. Final update.

Project completed.

Rented and Refi, this project as I mentioned is the first out of town investment we've purchased, I have uploaded final pictures I hope you like it.
the deal when well, I had to leave more money in the deal that I wanted but over all a great experience, because we started with the BRRRR we fined contractors right away and we felt confidante and that give us the push we needed to purchase more, so now we are proud the report that we have 3 properties (4 doors, 1 duplex 2 houses) that all are rented and cash flowing well, and also one more under contract!!!!, we are super blessed, it was not easy but it wasn't super hard either, and the tools here at BP are a VERY good resource to Analyse deals. thank you, guys.

we are renting this property now to a wonderful family, they are super happy with the place, and we are collecting $1,200 P/M rent with over just over $500 in cash flow :)
I just wanted to share to encourage new investors!!!! let's go, do the first step!! you'll be glad you did!!!

here are some final pictures, mission accomplished in about 4.5 moths... lets go for 100 more!!

  • Roque Miranda