My first BRRRR! Good not great.

[Derrick Oliver]

Investment Info:

Single-family residence fix & flip investment in Ogden.

Purchase price: $47,500
Cash invested: $60,000
Sale price: $135,000

Town home that had been sitting for 5 years vacant and tore down to studs after a major flood, purchased with 2 partners. complete rehab from the studs out, new cabinets, subfloors, floors, drywall, base boards, etc. After rehab leased the property out for 1 year then sold.

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Complete remodel