Washington DC Duplex BRRRR

[Douglas Harris]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $203,000
Cash invested: $10,000

1 b/b in NE DC. Found this wholesale deal on BP. I knew instantly it had plenty of value add equity. I'm using the BRRRR strategy and currently waiting to complete the refi.

[Joe Proscia]

Hey congrats on the property. I’m new to this and I think I’m missing something, but can you explain how you were able to get a wholesaled house at $203k with only $10k invested? or was the $10k money you used for updates and construction? Thanks and good luck.