SFR BRRRR buy and hold - Same Tenant 9 years

[Travis Sperr]

Investment Info:

Single-family residence buy & hold investment in Aurora.

Purchase price: $72,000
Cash invested: $6,000

SFR - BRRRR

Second rental property - hard money - buy, fix, fill, refi - before it had a cool name (BRRRR)

Section 8 tenant has been in the property for 9 years (as of 2019). Rent increases over time have made this deal fantastic.
Typical rehab - floors, paint, bathrooms, etc. just enough to make it pretty and rent ready.

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

Buy and hold

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

HUD house - MLS

How did you finance this deal?

Hard Money - Conventional refi

How did you add value to the deal?

Rehab