Second BRRRR - Full blown renovation

[Yuriy Kaunzinger]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $240,000
Cash invested: $40,000

This property is a 1200 SF 4B/1BA BRRRR that we fixed up and are looking to pull equity out of, and put a renter into. Similar to the last house, this property had good bones upon arrival and just needed some work. Renovations included opening up the kitchen to accommodate a larger layout, some structural work in opening up a wall, all new floors, paint, all new bathroom, and the remaining usual items.

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

MLS

How did you finance this deal?

Cash down payment and conventional financing

How did you add value to the deal?

Full renovation and +1 bedroom