The house they are renting is probably 100 years old and I purchased it for $10k.

Purchase price: $190,000 Cash invested: $60,000 Sale price: $355,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Brittney Sciandra, successfully completed a fix-and-flip on Church St, Baltimore, MD 21225.

Hello BiggerPockets, I recently got the opportunity to purchase an off market property in Las Vegas about 15 minutes west of the strip.

I purchase but and holds so I can usually get you paid more than flippers. 

I thought that loan was based solely on the property that you're purchasing. 

since a BRRRR involves a purchase AND a refinance, you'll 'close' twice and likely pay 10-15K just in closing costs.

@Steve Theobald Do you mind me asking what type of experience your BIL had prior to purchasing the FIG four-plexes?

Purchase price: $635,000 Cash invested: $200,000 Built in 1880 as a single-family address, this rare three-story grand brownstone designed by Ogden and Wright was purchased by myself and investors for conversion to a boutique hotel.

Recently several of my investor clients have leveraged equity in their primary or investment properties as down payments for purchase acquisitions by obtaining a HELOC or fixed rate second mortgage. 

Purchase price: $180,000 Cash invested: $120,000 Our first BRRRR was a quadplex outside of Atlanta.