First BRRRR.....about to start rehab.

[Felipe Pena-Diaz]

Investment Info:

Townhouse buy & hold investment in Wellington.

Purchase price: $140,000
Cash invested: $42,000

First BRRRR.....about to start rehab after a year of listening to BP Podcast, reading BRRRR, investing in my RE education.
Should Refi by 09/2020 and moving on to the next one by early 2021

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

Distressed seller. Waited patiently for a deal like this and put me in the money right away.

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

Referred over to me by Broker. Negotiated with Seller.

How did you finance this deal?

First time investor loan

How did you add value to the deal?

Currently about to start rehab

What was the outcome?

still not complete

Lessons learned? Challenges?

Currently researching any issues I will have with Refi since property is under LLC.