Fifth Deal! (& Great BRRRR!!!)

[Schuyler Witt]

Investment Info:

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

Purchase price: $33,380
Cash invested: $10,963

This was a textbook BRRRR deal. Bought for $33,380, improved for $39,169, appraised at $105,000 and then mortgaged for $67,500. I pulled all put $10,963 out of the deal and it cash flows great! CoC return of 55%!

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

7 Years to 7 Figure Wealth

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

Driving for dollars. I built a relationship with the out of town owner, showed him what his property was worth and sent him my statement of work justifying the price.

How did you finance this deal?

Cash and traditional cash-out refi.

How did you add value to the deal?

Lots of work!

What was the outcome?

A great BRRRR!