My Latest BRRRR is Rehabbed and Ready to Rent
After a little over two months, the house on Blythe Ferry Road in Cleveland, Tennessee is now renovated and ready to rent. This house was a foreclosure from a local bank and it was in need of some TLC. Below are a few “Before” photos of what the house looked like when we purchased it.
Take a look at the kitchen and see if you can be the first to post in the comments section something you don't typically find in a kitchen. This was the first time I ever found one of these in a house I purchased. ;)
First WeekThe first week of rehab consisted of removing the personal contents of the house, removing the old carpet and pad, and cleaning the house. The workers filled up two, 30 yard dumpsters of trash! The chimney was repaired and several pieces of worn out plywood sub-flooring was replaced during this first week.
Electrical & Plumbing Repair
We then removed all of the old galvanized steel water pipes and replaced them with Pex water pipes and a new water heater. We also replaced all the light fixtures, outlets, added smoke/carbon dioxide detectors, and updated the electrical of the house.
Interior Prep & Paint
Then came the removal of the old wall paper. There was a lot of it and this took time! Followed by patching/ sheetrocking holes where the plumbing pipe was replaced. All the ceilings, walls, and trim were painted on the inside.
Outside Repairs & Paint
The outside was also painted and the back deck was stained. New gutters were installed and the brick was cleaned from where the previous owners had accidentally let paint splatter onto the brick.
Final Touches
The kitchen was updated with a new stove, cooktop, microwave, and refrigerator. We also updated the faucets and shower hardware. Finally, new carpet and garage doors were installed this past week. The house has really come back to life and looks great!
Below are a few pictures of the house after renovation.
In the end this deal finished at about 75% ARV. Not a grand slam, but a solid return for a rental property in a good school zone and middle class neighborhood.
Comments (13)
Great job Michael!
I hope you wore gloves... ha
Edwards Wills, about 9 years ago
Thanks Nathan! Glad you enjoyed it!
Michael
Michael Rogers, about 9 years ago
Inspiring! I just listened to the podcast and loved it. I signed up for Brandon's webinar tonight on the BRRRR strategy. I can't wait to try it out!
Nathan Remington, about 9 years ago
Thanks Dylan! It was a lot of fun.
The flip has turned out to be a solid property. I've got good tenants in it that are paying on time and no issues so far. Hopefully, all will continue to go well. :)
Michael Rogers, about 9 years ago
Great podcast Michael. And great flip! Looks awesome. Nice job.
Account Closed, about 9 years ago
Listing to the podcast I was expecting a crack pipe or something. That was far worse lol!
Marcus Irons, over 9 years ago
Michael Rogers, about 9 years ago
That brings midnight snack to a whole new level.
James Wilcox, over 9 years ago
haha. No kidding!
Michael Rogers, over 9 years ago
Thanks Tristan. Did you notice anything unusual on the kitchen table from the "before" photos? No one has guessed right yet.
Michael Rogers, over 9 years ago
I hate to mention exactly what I think I see, but it appears to be something of a phallic nature, but its facing away from the camera so can't be sure.
Clarence Larcarte, over 9 years ago
haha. You were the first to guess right!
First time I ever found one of those in a property I bought. And it was sitting on the kitchen table. ;)
Michael Rogers, over 9 years ago
Very nice!
BRRRR is a great strategy, and I can't wait to implement it.
Thanks👍
Tristan Cortez, over 9 years ago