BRRRR in East Tacoma/ WA

[Rudy Manna]

This is a BRRRR we finished about a month ago along with partner @Pradeep Tiwari..

@Timothy Tooker doubled up as agent to find the deal and GC services..

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Overall, we generated quite decent walk-in equity ($36K, 18%), and cash flow rate of 0.95%..

We rehabbed mostly the interiors, we left exterior paint and windows, to make the numbers work.

Here are the numbers:

Purchase: $130K

Hard Money Cost: $8K

Construction Cost: $24K

Closing Costs: $4K

Total Acquisition Cost: $166K

ARV: $202K

Rent: $1570 (0.95%)

Walk in Equity: 36K

Before:

After

[Rudy Manna]

Originally posted by @Michael Schlager:

Looks great!  What did you do to the exterior?

We didn't do anything to the exterior. We left exterior paint and window as it is..Our math suggested that we will reach target ARV even without exterior work, in hindsight we were right :)