Deal was purchased cash.

My mother is being gifted a parcel of her family land near Charlotte, in Union county.  

We took over a seller's loan, paid them some cash and began to rehab.

AJ,How much Cash on Cash can one expect on Oregon coast?

Ideally, I wanted to buy a property without a loan and do the BRRRR method, do to not many decently priced properties in the area that have some potential to remodel or add an addition to for adding more value to the property then cash refinancing after renting to move on to the next one.

Purchase price: $662,000 Cash invested: $30,000 Triplex in Fort Meyers Florida!

What kind of loan are you using or are you paying cash?

Those numbers were something that many of us were able to pull off pre-pandemic, but it is much harder to do so now.Also, keep in mind that the “cheap houses” in the beginning can end up wiping out your cash flow with a major Cap Ex or maintenance expense.

That being said, these deals are absolute cash cows. 

I ask because I'm interested in doing a cash-out refi in the future.Thanks so much, Jon