Perfect BRRRR in OKC

[Chris Cooper]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $55,000
Cash invested: $6,000

Purchase price $55,000, Rehab $7,000. BRRR'd Property. ARV $90,000, Cash Invested $0, Rent $850, Cash Flow $350

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

I want to BRRRR Over and Over again. I was able to buy this house right in a 2 package deal and it has worked out beautifully.

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

Facebook Forum. I offered to buy 6 houses. 4 of the deals did not make sense and I cancelled 4 contracts during the inspection period. I kept 2. I will post about the 2nd later.

How did you finance this deal?

Commercial Line of credit 80% of ARV.... More than enough to buy and rehab.

How did you add value to the deal?

New Roof (seller ins.) - New Windows and Exterior Paint and new tile in bathroom

What was the outcome?

Good Cash Flow, Happy renters.

Lessons learned? Challenges?

I need to find more of these.

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

I am a realtor and I spend several hours every day looking for investment properties for my clients.