First BRRRR in Fayetteville, NC complete!

[Adam R Gebner]

This is my third property in Fayetteville, NC but my first BRRRR. Pictures were taken two days ago and I will post them as soon as I have them.

Rehab included:

Electrical upgrade and HVAC installation: $8300

Hooking up to city sewer: $500 (split with agent because they made a mistake during DD)

Paint and general rehab(floor, plumbing, electric, fans, etc.): ~$12000

Will be renting out for $800 to $850, and after refi. will be cashflowing between $190-$245 pending appraisal, LTV%, interest rate, and rent amount.

Goal: Complete one more BRRRR before moving across the country in May 2020, second test of RE investing system.

[Logan Graham]

Great job! That is exciting that you were able to try out a BRRRR and have it succeed! I am hoping to move to NC in the next few years and it is good to see success stories down there.