First BRRRR / House Hack

[Yuriy Kaunzinger]

Investment Info:

Single-family residence other investment in Newark.

Purchase price: $170,000
Cash invested: $40,000
Sale price: $312,000

This was our first property, which turned out to be a BRRRR / House hack in a college town. The property was a short sale, which is why we were able to pick it up at a discount. Did the majority of the work ourselves, contacting professional trades when necessary. House had really good bones and was in a desirable area, so that helped a lot. Ended up selling it in 2020 because the market was getting hot, and we wanted to relocate to be closer to family.