Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Thomas Yokum

Thomas Yokum has started 1 posts and replied 3 times.

Post: Completed First Investment (BRRRR Method)

Thomas YokumPosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 3
  • Votes 5

Yes.  At some point I plan to make it a full rental.  If it is the next one or not all depends on the deal.

Post: Completed First Investment (BRRRR Method)

Thomas YokumPosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 3
  • Votes 5

Insight on the process.. Purchased pre-covid and majority of renovation was sweat equity. Only two Rs complete on the BRRRR method with current rates. Currently living rent free and building equity/savings for the next one. Managing myself as one of the 'tenants' but hoping to change that on the next one!

Post: Completed First Investment (BRRRR Method)

Thomas YokumPosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 3
  • Votes 5

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $150,000
Cash invested: $100,000

Recently completed a purchase and renovation of a multi-family house in Cleveland Heights, Ohio (BRRRR Method).

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

BiggerPockets

How did you finance this deal?

Personal Loan

How did you add value to the deal?

Renovation

What was the outcome?

Value Add - 3x rent(s)

Lessons learned? Challenges?

Secure funding upfront to complete project goals on time and on budget.