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Updated over 6 years ago,

User Stats

77
Posts
57
Votes
Aaron Farr
  • Real Estate Agent
  • Spokane, WA
57
Votes |
77
Posts

What would you do? To Brrrr or not to Brrrr?

Aaron Farr
  • Real Estate Agent
  • Spokane, WA
Posted

I'm currently flipping single family homes taking my profit and moving it into the next one.  The goal is to pile up enough cash to buy large value-add multi-family, storage units, mobile home parks, not exactly sure yet.  I'm on my way probably a couple of years away from having about a million dollars to put down on something.  Hopefully sooner!  I don't need the flip profit to live on so is strictly for reinvesting.

I'm not really interested in owning a bunch of SFH rentals which is why I haven't been doing the BRRRR method. Am I thinking wrong here? Should I be holding onto these flips??

Example flip I have coming up:

$95K cash purchase 

$35K Renovations & Closing Costs

*Sale Price $175K

Rent would be about $1200/month. Do I BRRRR this or sell and take my profits?

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