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Updated 10 months ago, 01/10/2024
Can I Make This Flip Work As A BRRRR?
Buying a flip for $161,000, hope to flip it under $20k and sell for around $225k conservatively giving me $45k in profit. Wondering, though, if we could somehow make this cashflow as a BRRRR. As I've been doing the numbers, I'm a little negative on the cashflow because what we would need to mortgage to get our $ back out would make the mortgage payment too high to cashflow when the rent would only be about $1,700/month. Short of charging more $ per month for rent, is there something I might be missing? My understanding with the numbers is that the only other way is to get lower interest on the mortgage. I penciled it out at 6%.