Student Housing BRRRR

[Jordan Mummau]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $18,000

BRRRR on a large single family home with 5 bedrooms. Rent to College Students. Appraised for 230K. Rents for $2150/mo.

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

I own a property right next to this one. Owners told me they were thinking about moving. We signed a contract that day.

How did you finance this deal?

Cash offer and close. Cash out Refi

How did you add value to the deal?

Added a second bath downstairs

What was the outcome?

Cashed out $35K to the positive. Cash flows $1,000+/month