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All Forum Posts by: Galen Hanson

Galen Hanson has started 1 posts and replied 2 times.

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Should I flip or BRRRR this property?

Galen HansonPosted
  • Contractor
  • Isanti, MN
  • Posts 2
  • Votes 1

@Anthony McEvoy

Thanks foe the input, I appreciate it!

1 Vote
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: Should I flip or BRRRR this property?

Galen HansonPosted
  • Contractor
  • Isanti, MN
  • Posts 2
  • Votes 1

Hello everyone I am looking for some advice

My brother-in-law and I purchased a property with conventional financing

Purchase price $135,000

With closing costs and rehab, total investment is $162,000

It should appraise for $220,000 (based off the neighbors house that sold 11 months ago)

It is in a rural area in Foreston, MN. So I’m having a hard time gauging what rents are.

So I’m not sure what the cash flow would look like and if it’s worth keeping. Long-term goal is to acquire rentals. 

What I'm looking for is some insight on if I should flip or BRRRR this property. Any advice is appreciated. If you need any more info just ask, thanks in advance!

0 Votes