Investment Info:Single-family residence buy & hold investment.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

Some rentals just aren’t worth the hassle to hold on to.

In either case there is either no loan to purchase or a short term loan that could not be used to hold the property long term.

Seems 98% of them just want to take a picture holding a big key sign and promote their business on social media.

We have done out of state investing and we hold 3 SFH and one Town home in Atlanta, GA and looking to expand our portfolio.We attend a monthly meetup every 2nd thursday in the month.

I do not hold any actual real estate because I did not want to be concerned with being less fluid.

Investment Info:Single-family residence buy & hold investment.

@Dennis Bragg I especially agree with you that "thinking about older buildings.. some folks underestimate how well older properties can hold up".

Investment Info:Single-family residence buy & hold investment.