BRRRR / Househack in Spotsy VA

[Joel Roberts]

Investment Info:

Single-family residence buy & hold investment in Fredericksburg.

Purchase price: $179,000
Cash invested: $30,000
Sale price: $270,000

BRRR / House hack in Spotsy, VA!

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

No cash and 40K in equity and LIVE FOR FREE!

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

MLS REO

How did you finance this deal?

CASH

How did you add value to the deal?

Rehab and added kitchen to downstairs

What was the outcome?

Live for free, keep 40K in equity and leave no cash in the deal

Lessons learned? Challenges?

Alot regarding rehabs. Always change the bathroom valves before installing drywall...