Single family BRRRR in Bridgeport, CT

[Kerry Mertz]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000

Cash invested: $17,000

3 bed, 1 bath single family rental
Strategy: BRRRR
Purchase: $90,000
Renovation: $37,000
ARV: $180,000
Target Rent: $1800-2000/month

Will refinance at 75% ARV to pull most or all of the initial investment back out.

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

Numbers look great!

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

Off market from wholesaler.

How did you finance this deal?

HML with 15% down and 100% reno costs borrowed.

How did you add value to the deal?

Complete reno with kitchen, bath, laundry room, open up the floorplan, new flooring and paint.