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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 6 months ago,

User Stats

18
Posts
26
Votes
Christian Maher
Pro Member
26
Votes |
18
Posts

I purchased a home to BRRR in Cuyahoga County and I need some advice

Christian Maher
Pro Member
Posted

Hello Everyone,

I'm looking for some advice here, I bought a home in Cuyahoga County late last year for 64k through a tax lien sale. It's 3 bedrooms and 1 bathroom. So far we have dumped 70K not including misc fees like insurance, utilities and other stuff.  So the house wound up needing the drywall, kitchen, bathroom, roof to the garage, Plumbing, Gas and other stuff done.  I have been told by several investors that I was overcharged but I guess at this point it is what it is since I have already almost finished everything. I'm completely fed up and I am trying to figure out if it's worth keeping to rent out or if I should just cut my losses and sell it.  It's still only 3 bedrooms and 1 bathroom and I am in the hole about 140k and fair market value is about $145K-50K.  I welcome all thoughts regarding the situation. 

  • Christian Maher
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