BRRRR Single Family Rental

[Jon Hyatt]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $45,000
Cash invested: $65,000

This is a Single Family property that we acquired out of an online auction, added a new bathroom and a few other minor updates, the majority of the home had just been updated in recent years. We were able to have our Management Company, SI Associates, secure a terrific tenant, we refinanced 100% of our funds back out + additional funds towards the next project.

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

This was a great property that could work as a FLIP for our RE Team or as a Rental for our Management Team.

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

This was an online auctioned property at auction.com

How did you finance this deal?

Partnership

How did you add value to the deal?

We added a new bathroom, most everything else was already updated and just needed a deep clean.

What was the outcome?

We refinanced 100% of the funds back out + capital towards the next purchase. The property value has continued to go up and we continue to collect money income from this.