What would you do? To Brrrr or not to Brrrr?
I'm currently flipping single family homes taking my profit and moving it into the next one. The goal is to pile up enough cash to buy large value-add multi-family, storage units, mobile home parks, not exactly sure yet. I'm on my way probably a couple of years away from having about a million dollars to put down on something. Hopefully sooner! I don't need the flip profit to live on so is strictly for reinvesting.
I'm not really interested in owning a bunch of SFH rentals which is why I haven't been doing the BRRRR method. Am I thinking wrong here? Should I be holding onto these flips??
Example flip I have coming up:
$95K cash purchase
$35K Renovations & Closing Costs
*Sale Price $175K
Rent would be about $1200/month. Do I BRRRR this or sell and take my profits?