Profit Strategy: Rehab to rent out then refinance and cash-out.
Number of Units: 12
Personal Money Invested: $9300
Prior Experience: He did a creative real estate deal with his own home. Besides that, no prior experience.
As his very first real estate deal, Brian bough this duplex for $5300 cash on Auction.com out of Wisconsin, sight unseen from New Jersey. After adding $4,000 worth of rehab to rent it out, it stabilized to a value of $60,000! His exit strategy will be to refinance and cash out.