Best BRRR To-Date And First Investment in Portsmouth VA

[Jessica Franta]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $75,000
Cash invested: $28,000

This was a fun purchase, we added a bathroom (first time doing an addition), as well as a major cosmetic overhaul of the house and some plumbing/electrical. ARV came in at $144K so we were able to BRRR all of our money back out. Managing this during COVID-19 was more challenging that past rehabs, and there were some lessons learned along the way.