Purchase price: $130,000 Cash invested: $35,000 Sale price: $165,000 3/2 home house hack with modified house hack/nanny option What made you interested in investing in this type of deal?

Hey everyone.I’ve been into Kris Krohn’s videos on his “modified” lease option method for some time now.

@Cody MerkesI took the rental lease from our local MLS, which if you google you can find and modify it.  

A modified BRRRR, to me the word rehab has always meant a great deal of fixing and improving.

Just be sure to modify your lease so that is says, "Tenant is responsible to pay the rent for all 12 months of the lease, unless they cannot pay the rent for reasons A, B, C, X, Y, and Z, and then they can move out with no penalty." 

I also know since then Dodd Frank has been modified but don't know to what extent. 

@Abby Attal  You will want to screen that tenant and modify the lease, so that if the original tenant moves out, that new person is responsible for paying the rent. 

Friend would give the down payment and then get his money back in three months when loan is modified.

I was wondering if there was a way the seller and I could modify the purchase agreement, raise the purchase price to 90k (home appraised for 95k), and then have the seller give me the 15k agreed on plus the other 10k in increased sale price?

This was a modified BRRR.