BRRR In Pittsfield Ma

[Vince Leydet]

Investment Info:

Single-family residence buy & hold investment in Pittsfield.

Purchase price: $23,000
Cash invested: $25,500

Purchased, rehabbed and refinanced cashing out $26k to account and adding $585/ month net to income.

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

Easy quick exit and adding to cashflow

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

wholesaler, contract with owner expired and i was able to deal directly with owner.

How did you finance this deal?

Private Lender

How did you add value to the deal?

completely remodel, rented top of market

What was the outcome?

Cashed out $26k into account and added $585/ month net to income

Lessons learned? Challenges?

appraisals can slow process down dramatically. Set back refi just over 2 weeks.