First property purchased, turning it into a BRRRR investment

[Mark Adams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $59,000
Cash invested: $18,500

First BRRRR property, also primary residence until I can make my next deal. First step in my journey to total financial freedom

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

Long term financial stability and wealth generation.

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

Driving around hunting for properties until I found one I connected with

How did you finance this deal?

Private family loan

How did you add value to the deal?

Rehabbing and landscaping the property

Lessons learned? Challenges?

Far more work and time than originally anticipated

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

FSBO