BRRRR with no Rehab - College Rental

[Jordan Mummau]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $115,000

BRRRR deal with $0 spent in rehab. It was just a good buy. Appraised for $165K. I had the appraiser in the property the day I closed in order to expedite the cash out refi. This is a college rental and rents for $1,600/mo

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

Home owners called me directly. Wanted to move and took a cash offer