Single Family Residence #7

[Nitin John Abraham]

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $45,000
Cash invested: $29,000

3 bd1 ba1,211 sqft

First BRRR deal,

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

BRRRR Deal

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

Found on MLS

How did you finance this deal?

Purchase for Cash

How did you add value to the deal?

Remodeled the interior, new bathroom, refinished floors, painted entire home updated all finishes. Spent approximately $26,000 on the remodel

What was the outcome?

After 6 months, cash out refinance done on the home. Home appraised for $95,000 which allowed me to pull out most of my money.