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Updated almost 8 years ago on . Most recent reply

Mitzi Castiglione's profile image
Mitzi Castiglione's profile image
Mitzi Castiglione
  • Residential Real Estate Agent
  • from Tampa, Florida
  • Member since Dec 10, 2014
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Mitzi Castiglione's profile image
Mitzi Castiglione's profile image
Mitzi Castiglione
  • Residential Real Estate Agent
  • from Tampa, Florida
  • Member since Dec 10, 2014
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Mitzi Castiglione
  • Residential Real Estate Agent
  • Tampa, FL
14
Votes |
24
Posts
Real Estate Deal Analysis & Advice

Our first BRRR and it was a success!

Mitzi Castiglione
  • Residential Real Estate Agent
  • Tampa, FL
Posted

Purchase price: $58k cash, Renovations and holding costs $10k.  

Appraised $128K (lower than I expected, but market is tightening up).  Cash out $96K.

Rented at $1200/ mo.  Only on the market for 1 week.    

My Before pics are not great.... the house was pretty nasty.  lol  

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Tyler Blackwell's profile image
Tyler Blackwell's profile image
Tyler Blackwell
  • Rental Property Investor
  • from Olympia, WA
  • Member since Oct 29, 2010
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Tyler Blackwell's profile image
Tyler Blackwell's profile image
Tyler Blackwell
  • Rental Property Investor
  • from Olympia, WA
  • Member since Oct 29, 2010
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Tyler Blackwell
  • Rental Property Investor
  • Olympia, WA
76
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127
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Tyler Blackwell
  • Rental Property Investor
  • Olympia, WA
Replied

Um...renovations AND holding costs were $10k?! It looks like you did a lot: exterior paint, roof (?), landscaping, fending, kitchen, flooring...what's your secret? Did you do the work yourself? 

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