BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
BRRRR Turns Into Tear Down
I'm a REI living in AZ that focuses on BRRRR in Atlanta. I recently purchased a property and ignored the advice of the inspector that suggested a structural engineer (long story). Now I've found out I need to scrape the house and rebuild. I'm $90,000 in on the property, estimates show $125/sqft to rebuild on the low end and comps come in around $250,000 for 1300-1500 sq ft homes. Looking for suggestions to on what to do. Sell now at a loss, rebuild and flip, BRRRR and leave a ton in the deal or negative cash flow or something else?