Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

263
Posts
109
Votes
David Ferrette
  • Developer
  • Austin, TX
109
Votes |
263
Posts

BRRRR in New Braunfels, TX

David Ferrette
  • Developer
  • Austin, TX
Posted

This is my 4th property but the first I did with the BRRRR method. I didn't get ALL of my money back out of it but I still think it was a success.

Foreclosure Purchase Price: $137,500 cash

Rehab: $19,000

Bank appraisal after rehab: $187,000

Bank Loan: $140,200

Rent: $1550/month

When you factor in the cost to get the loan (which I didn't pay much attention to when putting my original numbers together, big mistake) I am all in for about $21,000.  There is now about $47,000 in equity and it cash flows over $200 a month after all expenses.  

Most Popular Reply

User Stats

125
Posts
102
Votes
Gonz Trevino
  • San Antonio, TX
102
Votes |
125
Posts
Gonz Trevino
  • San Antonio, TX
Replied

That's still good. I had similar numbers on one of my rentals in San Antonio. In the process of cashing it out now. :)

Good luck! NB rocks!

Loading replies...