Deal was purchased cash.

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

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!

Depending how much you earn you can step up those savings by getting a side-hustle.

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

That being said, these deals are absolute cash cows. 

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.

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

Would like to purchase my third investment property for around 850K property will cash flow me around 3500 a month I have just under 110k in liquid for the down payment what’s the best route to be able to gather the rest of the cash for the downpayment which if it’s 25% downpayment I’m looking for another 110k loan what is the best route to take ?