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Updated about 5 years ago on . Most recent reply
From PML to BRRRR - our first buy & hold investment property
Investment Info:
Single-family residence private money loan investment.
Purchase price: $50,000
Cash invested: $30,000
PML to BRRRR
What made you interested in investing in this type of deal?
The ability to gain instant equity
How did you find this deal and how did you negotiate it?
MLS, through a short sale company
How did you finance this deal?
PML
How did you add value to the deal?
Rehabbed it ourselves
What was the outcome?
Successful BRRRR still own today!
Lessons learned? Challenges?
Know your contractors well! Ours delayed A lot!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Most Popular Reply
Congratulations! Were you able to refi this into a loan for an LLC or in your personal name?
- Travis Wylie