SFH: Franklin Kentucky Cash-Flowing Property

[Scott Emsley]

Investment Info:

Single-family residence buy & hold investment in Franklin.

Purchase price: $93,000
Cash invested: $25,000

Fantastic BRRRR! It's cash flowing well, but I still over-improved it. If I could do it over, I would spend less to get it rentable. Expect to refinance my cash back out soon.

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

I studied the BRRRR strategy, almost too much

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

Friend of a friend, on Facebook

How did you finance this deal?

Traditional bank financing

How did you add value to the deal?

Over-improved, I will do less in the future

What was the outcome?

Good cash-flow, but it's over-improved

Lessons learned? Challenges?

Over did it on the rehab. I shouldn't have invested as much for this area. Stainless steel appliances and granite countertops mean nothing. Oh well!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Gabriel Graves, Keller Williams Bowling Green Kentucky