BRRRing down the Bayou

[Brian Watts]

Investment Info:

Single-family residence buy & hold investment in Shreveport.

Purchase price: $80,250
Cash invested: $1,900

Newest BRRR deal paid with LOCs.

Projected Numbers;

Purchase : $80,250

Rehab Cost: $1,900

ARV: $110,000

Mortgage: $88,000

Cash Flow: $311

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

Strategy has been working well based on previous deal performances.

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

MLS, cash offer, quick closing

How did you finance this deal?

Lines of Credit then transitioned into a mortgage

How did you add value to the deal?

solved a problem for a motivated seller