BRRRR #1: Pendleton, IN
I bought it for $135K, put $75K into the rehab, and it appraised for $256K. I refinanced at 75% of the appraised value and pulled out $190K. It still cash flows $200 a month.
$135KPurchase price
$75KRehab
$256KAppraised value
$190KCash-out refinance
$200/moCash flow
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