1st BRRRR-Alabama
Madison, Alabama
Bought an off market property!
Purchase @ 170k (comps 220-240k)
Assignment fee @ 20k
36K Rehab- Siding work, new roof, 2 new baths, new kitchen, LVP / Paint. Did granite counters and a nice backsplash to get a higher rent rate.
Appraised @ 265k 😀
Rented in a few days @ $1,700/month
Cashflowing $390/month after PM.
Refi'd and got most of our money back to do it all again.
Team got it one in 14 days during New Years break. IDK How, but yes.
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David Gallegos
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1st BRRRR-Alabama
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