Looking for advice on my BRRR deal
I’m looking for some advice on my current triplex..Its my first buy and hold
3 family in southern suburbs of Boston in need of major rehab.
all in $470k
My original plan was to BRRR this and hang onto it long term BUT seeing what I could now sell it for. I'm weighing the pros and cons of selling and renting it out.
total gross monthly rents.. $5,500 which should have about $2,000 in cashflow. After I refi I should be able to pull out around $25-$30k
Or I could take the profits of the sale (just under $200k) and wait until the market cools a little then buy something bigger.
I know this is a situation depending question but any insight would be appreciated!