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BRRR Project in Calumet Park
Investment Info:
Single-family residence hard money loan investment.
Purchase price: $75,000
Cash invested: $85,000
Single family. Turned into 4 beds, 2 baths. Reframed entire first floor to due previous fire. Finished basement with an added bedroom and enclosed laundry area. ARV in 2022 was $225K. Refinance after project, cashed out and continue to receive positive cash flow.
How did you finance this deal?
Hard money lender
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