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Updated almost 4 years ago,
Should I sell a SFH to try brrrr method?
We have a single family home that we have rented for past 2 years. At first cash flow was great. However the previous owner had a tax exemption so After 1st year it increased and taxes went up so much that our cash flow is literally $24.00 each month after paying mortgage. It is a 30 year mortgage and we were thinking of selling and trying another route with real estate investing such as the BRRRR method. The good thing is the value has increased so we would walk away with an extra 20k after deducting our down payment originally invested. Any advice is appreciated. We are in San Antonio market.