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Updated over 5 years ago on . Most recent reply
Unintentional BRRRS after failed flip
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
Most Popular Reply

@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.