BRRRR Deal in Linwood, PA

[Shawn Kostoff]

Investment Info:

Single-family residence buy & hold investment in Linwood.

Purchase price: $60,000
Cash invested: $5,500

We got this property after the seller posted on Facebook that she was looking to sell her house to an investor.

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

We are always looking for properties/deals that fit our criteria for a good buy and hold.

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

This deal was found through Facebook. We negotiated a price through email. After seeing it in person, putting it under contract and doing another walk through we negotiated a little more money off the purchase price.

How did you finance this deal?

We are borrowing cash from a private lender and will do a cash-out refinance in 6 months. If all goes according to plan we will have less than $6,000 of our own money invested in the deal.

How did you add value to the deal?

We are making some needed improvements to the property including a new roof, new HVAC system, in addition to paint, and other repairs the house needs.

What was the outcome?

The seller was satisfied with the purchase price and we are getting a cash flowing property.

Lessons learned? Challenges?

Walking through with a general contractor or trained professional can definitely save you money in the long run by pointing out things you might miss.