How We Made $238,000 From Our Moldy House BRRRR Project (Explained!)
1.9K viewsover 3 years ago17m 37sScore: 78
Sean Pan
Pricing & Profitability
intermediate
Profitability
Expenses
Maintenance
Market Research
Revenue Management
Summary
Sharon and Sean Pan discuss their experience with the BRRRR (Buy, Rehab, Rent, Refinance) strategy on a moldy house they purchased for $120,000. They detail their efforts to renovate and rent a property, with challenges including a 7-month timeline, short sale conditions, managing contractors, and the costs associated with mold remediation and financing the property. Despite these challenges, they were able to get a cash-out refi of $247,500.
