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.

If you hold for 2 years then sell, I feel very strongly that you will do well. 

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

If a problem arises with the property, the City will attempt to contact the owner and hold them accountable.

Finally, check with the Town to make sure there are no municipal liens, Make sure they're on Town sewer, check with the tax assessor to see how many bedrooms the tax office thinks there are, (important if you are flipping) buy ok to have more bedrooms if you are planning to buy and hold.  

I have no fear of running the numbers, building a team, investing, repositioning, refinancing, selling or holding larger properties.

Sometimes you need to know when you can hold em and when its time to fold em and move on.

Quote from @Lorraine Hadden: I have client who are try to wait for interest rates to come down rather than buying what they can afford for the best rate and hold.

When thinking about selling or holding a property, ask yourself a few things: How much do you need to invest?

-Marty Summers Marty, Nothing that I posted is incorrect, but thanks for stopping by to repeat some of the marketing material that induced you to send seven figures to BAM Capital.