Taking the leap! My first Rental unit.

[Scott Steger]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $13,000

I did it! This is my first BRRRR investment. There is work to be done so that I can raise the appraised value and cash out some of my initial investment. I don't expect to be able to fully cash out in 6 months, but since this is my first property, I am more concerned with the learning process than executing a perfect BRRRR.

How did you finance this deal?

I used a local bank and a 80/20 loan.