1920's BRRRR House Downtown Grayslake

[Doug Anderson]

Investment Info:

Single-family residence buy & hold investment in Grayslake.

Purchase price: $85,000
Cash invested: $60,000

1920's Single Family Home within walking distance to Downtown Grayslake. Home was updated to fit in the character of the style and age of the home.

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

Location, Style of Home

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

Found the deal on the MLS but the seller wanted $115,000 took over 4 months to negotiate to get it for $85,000.

How did you finance this deal?

Traditional Financing. Cash for Improvements.

What was the outcome?

Completed BRRR strategy. Bought, Renovated, Rented and Refinanced.