Should I BRRRR or keep the property debt free??

[Shayne Whittington]

Hey guys and gals, I wanted to get the opinion of the masses on a deal that I’m in the middle of. It’s a distressed 4 bedroom, 2 bathroom 1650 sqft single family home in Kalamazoo MI. Cash deal at 47k and 35k into the repairs and renovation. The ARV is around 120k. I have good tenants lined up for when the work is completed, who’ve agreed to 1100 a month. My question for this one is, should I BRRRR it or leave it as is? I’m caught in between doing either. I understand the value of refinancing and doing another deal but that takes away cash flow from this property. Is it ok to sacrifice cash flow for more properties? Let me know what you all think??