Ferguson Mo. Buy where everyone else is avoiding.

[Michael Zau]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $19,000
Cash invested: $8,000

purchased from wholesaler. Partnered with beginning investor to handle the phones with property manager. I fund, she does the light lifting and the heavy lifting is with the property manager. BRRR method, to get original investment, rehab money and and all money afterwards is "gravy." still cashflows after the original BRRR. listed cashflow is how much I net after everything, gross is over double that amount.

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

price

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

wholesaler that has good reputation with multiple properties.

How did you finance this deal?

cash, then refi

How did you add value to the deal?

fix and rent out

Lessons learned? Challenges?

out of state \ finding money to partner \ finding partner to work with.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

unfortunately no. but True title in StLouis is amazing,