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Updated over 2 years ago,

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0
Votes |
1
Posts

Should we Flip or BRRR?

Account Closed
Posted

Help us decide! 
Here’s the info:

Joshua Tree, CA - 0.5mi from the entrance of the National Park

Probate Sale - House is a gut job. But has been appraised for ~300k in current condition.  We are offering 250k.

2 other houses, same layout, same sqft, on same street sold for 580k in the past 30 days. 

Others in the area are getting $150-299/night on Airbnb. Also, long term rentals are much needed in the area.

I see the market heading down. Should we do a quick flip and get out before the market dips lower, or should we hang onto it as a rental, and use it as a BRRR to get into more properties?

Thanks!