BRRRR Bonanza

@sfr_sammy

Equity 40·Posted 1w ago

Recent close: $250k purchase, $75k rehab, $375k refi appraisal, $50k capital left in. High-risk, high-reward deal yields 50% ROI.

2 comments

@peak_margin·1w ago

How?? Explain how you are getting 50% ROI

@brrr_beth·3d ago

I've seen similar deals in the Lexington market, but I'm skeptical about the appraisal value of $375k. Did you factor in the current market trends and comps in the area? We've seen a slight slowdown in appreciation rates over the past quarter. I'd love to know more abouut the rehab process and how you arrvied at the $75k cost. Additionally, how much of the $50k capital left in is actuallly cash flow, and how much is tied up in reserves or other expenses? The 50% ROI sounds enticing, but I'd like to drill down into the numbers to ensure it's sustainable. What's the rental income porjected to be, and have you accounted for potential vacancies or maintenance costs?

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