Merrbaugh Dr BRRRR Project

[Trey Williams]

Investment Info:

Single-family residence buy & hold investment in Hagerstown.

Purchase price: $81,600
Cash invested: $27,000

Property valued at $125K - $130K. Currently holding for a refinance and rehab project in the coming weeks.

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

This was my first deal with no money invested. I barrowed halfthe down payment from a family member then partnered with a friend to close the deal. He financed the rehab at around $5,000 and I returned his cash with the monthly cash flow. Our plan moving forward is to take all cash flow and apply to the mortgage payments to speed up the equity process a refinance. This way we can avoid most income taxes since refinances cannot be taxed.

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

We found this deal on the market while I was a realtor.

How did you finance this deal?

Conventional 25% down

How did you add value to the deal?

Fixed plumbing issues, installed all new flooring, paint, fixtures, yard maintenance and usual cosmetic rehah

What was the outcome?

In the process of refinancing and purchasing a small multifamily