Purchased: September 2020
Location: Indianapolis, IN
Property Type: Duplex
Strategy: BRRRR (Buy, Rehab, Rent, Refinance, Repeat)
Purchase: $46K
Repair Cost: $32K
Refinancing: 75% LTV conventional
Loan Terms: 30-year fixed at 4.375%
………………………
All in cost $78K and property was appraised at $110K after rehab. Approximately $30K equity was created and I was able to pull all the initial investment out and still cashflow.
BRRRR is by far the most powerful strategy in real estate! Nothing beats a tax free infinite return!
NOI $9,198 * Cashflow: $5,010 * Return: Infinite
