Buying & Selling Real Estate Discussion

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Tom Manna
  • Rental Property Investor
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Looking for advice on my BRRR deal

Tom Manna
  • Rental Property Investor
Posted Sep 29 2019, 16:41

Hey all!

I’m looking for some advice on my current triplex..Its my first buy and hold

The deal..

3 family in southern suburbs of Boston in need of major rehab.

PP $170k

Rehab $270k

all in $470k

ARV $675k

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!

Thanks!!

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