A Successful BRRR!!!

[Nick Dibos]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $230,000

Cash invested: $14,711

Successful BRRR!!! We purchased the house for $230,000, spent $14,711 on the rehab, and it appraised for $316,000! We had a tenant move in the day after our renovation was complete and we have good cash flow! All around a great success! Now the money is back in our pockets for the next one!

What made you interested in investing in this type of deal?

Great location, dated home.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

construction loan, 15% down

How did you add value to the deal?

quick close (<3 weeks), sold "as is"

What was the outcome?

Successful BRRR! Great tenants, money back in our pockets