BRRR Strategy for 5 unit apartment

[Randy Molland]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Victoria.

Purchase price: $880,000
Cash invested: $125,000

Did the BRRR strategy except bought it cash, renovated it, rented it, then put a mortgage on it! Only have $125,000 left in the deal and current comparables would have it listed at $1,500,000.

How did you finance this deal?

JV Partnership with private money

How did you add value to the deal?

We provided all the project management of renovations and manage the property managers etc.