BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 7 months ago on . Most recent reply

Leave 66k in or sale for 107k
Hello guys
Reno got costly on this last BRRRR deal. I'm a Buy And Hold type of guy but the sale is calling me after running the numbers. FYI: If I keep I will be sidelined for 8-12 months until I can buy another deal. Selling I save 30k on the Reno budget resting in a 107k sale.
What you guys think Keep a fully renovate home for 66k in a C+/B- area or sell for 107k for the next deal?
KEEP
- Cash Flow: $664
- CoC Return: 12%
- Equity: $175k
- Total Left In Deal: 66k
SALE
107k profit
https://www.biggerpockets.com/brrrr-calc/1809608.pdf?c=17117...
Most Popular Reply

Conte,
If your not happy with the current cash flow and want to avoid the 12 month delay sell now and 1031 into 1-2 more REI's. Waiting does not earn money, time is a valuable commodity.