BRRR Strategy - Milwaukee Rental

[Mitch Ferraro]

Investment Info:

Single-family residence buy & hold investment in Milwaukee.

Purchase price: $45,000
Cash invested: $24,800

Contributors:
Adam Slipher

This was a rental that was obtained by the BRRR strategy. Fully renovated and now producing cash flow each month.

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

Purchase price and renovation costs that could produced a positive monthly cash flow.

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

Purchased from a wholesaler and they negotiated directly with the seller.

How did you finance this deal?

Private money then refinanced with commercial lender.

How did you add value to the deal?

Renovated the kitchen, bathroom, flooring throughout, paint throughout, fixtures, and landscaping. Turned into a great single family rental.

What was the outcome?

Single family rental with positive monthly cash flow.

Lessons learned? Challenges?

This was a pretty smooth project. Good time frame, stayed within budget, and quality rental product put on the market.

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

As always, Summit LDS was a great title company to work with on buying side and refinancing side of the transaction.