A lot of original details still remain but looking forward to uncovering some goodies.

Originally posted by @Jim Y.

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.

I see the original post was made almost 3 years ago, so I’m definitely curious how your perspective might have evolved given the market’s ups and downs since then.

I see that it has been 3 months since the original post; how are things going?

Originally posted by @Tori Roy:How do you approach closing costs?

@Bill B. 195 originally refinanced to 224.

Purchase price: $105,000 Cash invested: $23,000 Sale price: $180,000 Originally BRRRR’d, not great roi so sold.

They originally wanted 360k, but the mortgage would have the property running negative for the foreseeable future until all renovations are done, which I won't do. 

DSCR loans are great products for those who need them, and we originate them everyday.