2 Unit BRRRR in Maine

[Joe Van]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $99,000
Cash invested: $1,000

BRRRRed 2 unit, entire building fully renovated

How did you finance this deal?

Cash, pulling 99% of cash back out with refi

How did you add value to the deal?

Fully renovated inside and out

Lessons learned? Challenges?

Hiring more subs to do the work is a good thing. However, make sure to get those W9's before paying for completed work.