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Updated over 4 years ago on . Most recent reply

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10
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Wesley Williams
3
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10
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BRRR with hard money lender

Wesley Williams
Posted

Investment Info:

Small multi-family (2-4 units) hard money loan investment.

Purchase price: $280,000
Cash invested: $70,000

Using hard money to BRRR then buy and hold.

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

I saw how lucrative it was to invest in my property and I wanted to replicate the process

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

Found the deal by networking with tenants and getting to meet the owner.

How did you finance this deal?

Hard money lender, credit cards, personal finances.

How did you add value to the deal?

Renovations are happening now. We are adding about $50-$60 in renovations to the house.

Lessons learned? Challenges?

Leveraging credit can be challenging.

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