First BRRRR: Lakewood, OH

[Brendan Provenzale]

Investment Info:

Single-family residence buy & hold investment in Climax.

Purchase price: $85,000
Cash invested: $55,000

First BRRRR

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

Value-add

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

Met my buy criteria and work as my own agent.

How did you finance this deal?

Cash

How did you add value to the deal?

Added a bathroom and remodeled existing.
Opened kitchen to dining
New roof, driveway, windows and mechanicals
Refreshed landscaping, hardwood floors and paint

What was the outcome?

Great roi and successful brrrr

Lessons learned? Challenges?

It always takes longer than you think.

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

Myself