I just stumbled upon it online and I’m trying to research it myself. 

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

Hey everyone, Nice to meet you all!

What are you going to do?

In this low-inventory environment, the right renovation loan can open up possibilities that you might have passed by otherwise.  

That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

I had a good relationship with the listing agent and was able to structure a below value deal (beating out iBuyers and other investor offers).

Yours appears to be a business-purpose (investment) loan.

Bootstrap financing How did you add value to the deal?