Perfect BRRR Before I Knew BRRR

[Tyler Casey]

Investment Info:

Single-family residence buy & hold investment in Baxter Springs.

Purchase price: $8,500
Cash invested: $38,500

Purchased as a foreclosure and renovated with construction line of credit. Total investment of $38,500. Cash out refinance to permanent loan with a loan amount of $47,000. Rent exceeds monthly payment by $300.

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

Watched my grandfather have a successful retirement with real estate investment. He used cash which was a luxury I didn't have. I had to make a way through sweat equity early on.

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

Foreclosure.

How did you finance this deal?

Construction Line of Credit and Refinance.

How did you add value to the deal?

I was my own buyers agent and managed the rehab project.