The Ultimate BRRRR Property

[Thomas Jackson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $21,500

Student off campus housing at the University of Akron. Any "normal" investor would have looked at this place one time and said "F**K That". But my brothers and I love a challenge and the more distressed the property, the better..... we say. The house is getting an entirely new foundation and basically everything from the inside to the outside will be new. We believe this is the ultimate BRRRR and only time will tell. We hope to be completed by spring 2020.

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

University off campus rental property, very high cash flowing properties with zero vacancies.

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

Found the house listed for sale online and made an offer after viewing the property.

How did you finance this deal?

Cash Buy

How did you add value to the deal?

Currently rehabbing the entire house!

What was the outcome?

Outcome has not come yet, but the outcome will be a high cash flowing turnkey rental property that we will hold for EVER!

Lessons learned? Challenges?

Pay less!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Alex Siphers - RE Agent