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34
Posts
8
Votes
Michael` Cluer
  • Investor
  • Harrison, AR
8
Votes |
34
Posts

Indesicve....Bought as flip but considering BRRRR

Michael` Cluer
  • Investor
  • Harrison, AR
Posted

https://www.biggerpockets.com/calculators/shared/5...

That is the analysis, as you can see what is killing the BRRRR is the ammoritized over 20 years. I bought this and can probally make 15-25k after closing and holding costs while tying up 45k in liquid the length of the hold.

I am primarily a buy and hold investor but target cheaper class higher cash flow properties, but I just got of the phone with a fellow investor who quoted "I regret selling any property I ever bought". It got me to rethink this property which I bought to flip but realize I am in a high tax bracket and would give half the profit back to taxes. 

Using the calculator there will be a really thin line of cash flow.  In this area though, Solid B, 80%owner/20%renter, I stand a good chance of appreciation and it would be a property you would be proud to have in your portfolio.

Need to make decision ASAP due to difference in REHAB and finishes. Capex may be high as I will have to plan on a new HVAC and furnace in the next 5 years, hate to replace now while they still work good.

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