Updated about 5 years ago on . Most recent reply
Should I flip or BRRRR this property?
Hello everyone I am looking for some advice
My brother-in-law and I purchased a property with conventional financing
Purchase price $135,000
With closing costs and rehab, total investment is $162,000
It should appraise for $220,000 (based off the neighbors house that sold 11 months ago)
It is in a rural area in Foreston, MN. So I’m having a hard time gauging what rents are.
So I’m not sure what the cash flow would look like and if it’s worth keeping. Long-term goal is to acquire rentals. 
What I'm looking for is some insight on if I should flip or BRRRR this property. Any advice is appreciated. If you need any more info just ask, thanks in advance!