Complete Rehab into a BRRR

[Justin Greene]

Investment Info:

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

Purchase price: $42,000
Cash invested: $68,000

I am currently rehabbing this house starting to get my refinancing options lined out. The completion date is 12/1/2019! Getting Close!

This was my first real fixer upper. Learned an immense amount from this project! Redid everything, completely new electrical, new plumbing. removed a few walls. new kitchen. Purchased as a 2 bed, 1 bath. Turned it into a surprisingly spacious 3 bed, 2 bath with laundry upstairs!

Final numbers updated. Appraised at 185,000 a year ago, and with this current market could be at 200,000 now!

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

Local wholesale

How did you finance this deal?

Wholesale company purchased this house from seller, then owner financed it to me.

How did you add value to the deal?

Purchased as a 2/1 bath. Converted to 3/2 and updated the entire house.