Unintentional BRRRS after failed flip

3 Replies

Investment Info:

Single-family residence other investment in Mt Holly.

Purchase price: $42,000
Cash invested: $88,000
Sale price: $139,000

Bought for cash to flip. Didn't sell at $115,000 so I held it for a rental. Netted $6,000 annual cash flow until sale.

How did you finance this deal?

Cash

@Brian Orr

Dam sounds like a good deal to me. That's how we obtained our first rental as well, a failed flip. Still have it to this day, I dont think I'll ever want to sell it.

It's good to see you were able to turn a not so good situation into a better one. 

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