BRRRR on a primary residence we are selling

[Austin White]

I am currently selling my primary residence (4/1) which is located in central Tx in a great little town off i35 with a private university within 200 yards of the doorstep. Over the last 3-4 years I have remodeled the kitchen and living room; it will appraise around 130k and I owe 97k. I am currently under contract to sell at 125k.

I just got introduced to the BRRR strategy by my new business partner who is also my brother. We, along with my cousin have recently started an LLC to get into the real estate market.

Considering these details, is the BRRRR something I should take advantage of to leverage capital into my new business; is there room to make something happen?

-Respectfully,

Austin White