Raytown, Missouri BRRRR

[Mark N.]

Investment Info:

Single-family residence buy & hold investment in Raytown.

Purchase price: $92,000

Contributors:
Colin Douthit

First BRRRR. I won't get 100% of my cash out, but it's still going to be a good deal.

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

I am interested in BRRRR investing.

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

MLS. It had been on the market over 100 days.

How did you finance this deal?

Private money.

How did you add value to the deal?

Total interior rehab.

What was the outcome?

Rehab work is underway.

Lessons learned? Challenges?

Know your numbers, particularly rehab costs and ARV.

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

Colin Douthit of Red's Home Renovations is the contractor.