Purchase price: $44,000 Cash invested: $74,000 Contributors: Bryant Tumbelekis Third BRRR deal completed in the Fayetteville/Hope Mills market. $74k investment (purchase price, plus repairs and holding costs, etc), 12 week demo/repairs.$93K-$115K ARV range based on comps $950/mo projected rent.The % cash on cash returns would be infinite with $100K appraisal.Unfortunately the appraisal came in a bit low at $82k.

I actually got Joe Fairless’ book not too long ago and am already about a third through it.

They get paid the third week of the month..pay rent a week later or pay it early.

We have a couple deals, which may or may not close and we might be interested in a third partner to help this along.  

Also, if I use a HELOC on my third rental investment for the 20% downpayment on a conventional loan, is that smart to do?

They should not use any third parties for this.

Payment may not be made by third party checks.

The third is of course observing these criteria in order to protect the two of us. 

Have a third party verify completion of work when possible, or include provisions for photo/video walkthroughs in the scope of work.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Crestview.

Purchase price: $105,000

Property includes two SFR houses on an acre of land. One is a 2/1, and the other is a 3/2....