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Updated over 3 years ago, 05/02/2021

User Stats

1
Posts
0
Votes
Angela Dahlen
  • Rental Property Investor
  • Hawley, MN
0
Votes |
1
Posts

Selling BRRRR deal before refinance

Angela Dahlen
  • Rental Property Investor
  • Hawley, MN
Posted

We purchased a SFH in January for $84k planning to use it as a BRRRR. We put in $30k into the rehab and with closing costs and carrying costs, we're in it total around $120k. We hired a PM who listed for rent it but it's not renting out due to no garage and a busier road it's on. Our realtor believes we can list it at $179k due to the market right now. My question is, do we continue to try to find renters like originally planned or do we list it and know that we would take a hit with capital gains but still make a decent profit? This is our first investment so we are very new to this I would appreciate any and all advice!

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