BRRRR Commercial Rental Property Case Study Rental Number 18

I bought this house in September of 2017 and just completed a refinance on it. I bought the property for $292,000, rented it for $4,500 a month, and it appraised for $441,000. I was able to pull out $68,000 of cash after making repairs using the BRRRR strategy. You can see the details on the rental property here: https://investfourmore.com/2018/05/30/how-i-bought-a-commerical-rental-property-with-the-brrr-strategy/

This property was bought from the MLS for $292,000. I ended up doing about $50,000 in work to it and renting it to an oil company for $4,500 a month. I used private money to finance the property initially but used a bank loan for the refinance. After refinancing the property I was able to take $68,000 back out of the property, which left me making about a 37 percent return on my money.

The video includes footage from when I bought it, during the remodel, and after the remodel. It also includes a breakdown of the numbers and commentary from me. This was a fantastic investment and I wish I could find many more like it!

You can see a list of my rentals here: https://investfourmore.com/all-of-my-rentals/

Видео BRRRR Commercial Rental Property Case Study Rental Number 18 канала Mark Ferguson - InvestFourMore