North County San Diego Deal

[Chris Leso]

Investment Info:

Single-family residence buy & hold investment in Escondido.

Purchase price: $340,000
Cash invested: $160,000

Purchased at 340k. 25% down (85k). Needed 75k in rehab. Rents for $2,500. Mortgage with impounds is $2,000.

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

Bigger Pockets BRRRR method.

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

Called every Real Estate Agent I knew and told them my goal.

How did you finance this deal?

Mortgage Broker and savings.

How did you add value to the deal?

Full rehab

What was the outcome?

Cash flowing property

Lessons learned? Challenges?

Don't over spend on rehab.

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

Jason Howard