To Sell or Hold BRRR?!

[Terri-Leigh H.]

Ok, so we are 2.5 weeks into a 4 week overhaul in Cape Coral.

The intention was to BRRR, but our margins were very small, honestly we just wanted in and we were happy to target appreciation and break even.

We got the house for a steal due to the sellers unfortunate run in with the law and prices have just continued to sky rocket. This little pocket is still very hot.

I had my realtor run comps, we are looking at $50k net profit if we sell when we are done in a couple weeks.

Hard to stick to the original plan when selling would allow us to 1031 into something else and we'd not need to HELOC that purchase and in these uncertain times.


BUT … I don’t want to jump the gun and miss future growth. 

What would you do?

Hubby and I both hustle, him at a W2 and I own my own interior design firm…. I think we could pay off our HELOC if we tried hard.

We drove across country with for kids 10mo - 9 years to fix this house up top to bottom!