Thinking about switching from BRRR to a flip. Remodel too nice.
Doing our first income property. As long as everything goes to plan I think our remodel will look amazing and I’m having doubts about renting it out and BRRRing the property.
Me and the wife are thinking about maybe putting it on the market for 30 days and see If we get a crazy price for it and if we can't get our number then renting it out. My carrying costs for the month would be like $250 max for insurance and HOA fee. And I guess the months rent.
Is that ok to do? I’m buddies with my real estate guy would just have him post it up and the other peoples agent can show the property so he won’t have to do much and if we don’t sell he’s going to find us the next one anyway.
Regardless what happens I already learned a lot but worst case scenario we make a good chunk of change worst case we rent it out and do a cash out refinance or what ever and do it again.