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Updated over 5 years ago on . Most recent reply

User Stats

48
Posts
24
Votes
Brandon Ramsay
  • Halifax NS
24
Votes |
48
Posts

BRRRR method of Flipping?

Brandon Ramsay
  • Halifax NS
Posted

Was wondering what method people think is better. BRRRR or flip and sell.

Using the BRRRR method you don't have to pay realtor fees or taxes on the sale, closing closts and all that other extra stuff that can add up to $5k - $10k quick sometimes. You can take out 80% of the ARV without all those extra fees from flipping and selling. Another plus is that in another 5 years you can refi again if you want to.

Was curious on peoples different opinions on the matter.

Most Popular Reply

User Stats

930
Posts
836
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Kris L.
  • San Antonio, TX
836
Votes |
930
Posts
Kris L.
  • San Antonio, TX
Replied

@Brandon Ramsay some properties would be a good flip but not a good BRRRR, so just make sure the market rent is there before trying to BRRRR. Otherwise, BRRRR has a lot of tax advantages over flips.

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