02/11/2025
π₯ **BRRRR Success in St. Pete π₯
We just turned a $220K triplex(3 sf homes) into a $450K asset. using the BRRRR method in sunny St. Petersburg, FL!ππ
Hereβs how it played out:
π‘ **Purchase Price:** $220K
π οΈ **Rehab Costs:** $70K
π° **Holding/Closing Costs:** $20K
π **After-Repair Appraisal:** $450K
π¦ **Cash-Out Refi:** $330K
π° **Rental Income:** $4,500/month
π¦ **New Mortgage:** $3,000/month
π΅ **Net Cash Flow:** $1,500/month!
β
**Bought it.**
β
**Renovated it.**
β
**Rented it out.**
β
**Refinanced & pulled out cash.**
β
**$1,500/month in passive incomeβwhile owning a $450K asset!**
This is how you build wealth with real estate βusing the BRRRR strategy to recycle capital, scale faster, and create financial freedom. π
Whoβs ready to do this next? Drop a π₯ if you're in! π
Blake gore
Realtor
Century 21 beggins
727 9530714
Blakegore.c21.com