BRRRR to Flip, Decided to sell a property.
Eric PrineBusiness Member
Real Estate Agent · Philadelphia · Member since 2019 · 26 posts · 16 votesInvestment Info:
Single-family residence fix & flip investment in Philadelphia.
Purchase price: $175,000
Cash invested: $60,000
Sale price: $370,000
We decided to sell this property after successfully BRRRRing it. We had good renters in place for about a year. We decided to sell it and recapture the equity. The tenants wanted to buy it. We sold it to them for $370,000 and had an $80k profit.
