BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 11 months ago, 01/02/2024
Having trouble pulling the trigger!
I'm constantly looking at the market as I'm a licensed agent with Keller Williams.
I plan to leverage 100k from a HELOC.
I'm just not seeing something that makes me want to dive in feet first.
I person I ran into some who does flips said maybe try doing a flip for the first time to gain the confidence. However I can't bring myself to have to pay all the capital gains taxes.
Also I wouldn't want to need to pay back the HELOC and suffer a capital gains tax payment.
Any advice?
Should I start looking further outside my back yard?
Trying to get a BRRRR that will likely cash flow or break even on.
I'm a reasonable area with relatively low crime rates.