BiggerPockets

You don't give nearly enough information for anyone here to be able to help you. It's like asking, "What should I have for dinner tonight," when nobody here knows anything about you, your food preferences or your options.

The most important piece of information you need to tell us is, "What are your goals?" This will have the greatest impact on the decision to sell or hold.

Next is, "What do the numbers look like if you hold this property as a rental vs what do they look like if you flip it?" Without knowing the numbers, both ideas could be good, both could be bad, or one could stand out as better than the other.

There's a ton of other information that would be helpful, but those two things are most important if you want informed opinions and advice...

sergiu, if interested, i could forward you a net operating income sheet, and a flip chart. then, you can compare the two options of renting vs. flipping, to see what works better for you $$wise.

best,

sage

If your goal is cash flow, and you can turn $22K into $82K doing a fix and flip, I'd stick to the fix and flip business! Even if you put $20K into fixing this up you'll net something like $20K after costs and taxes. Your $50K kitty is now $70K. Do this twice more and you'll be over $100K and able to do two at once. Do six more, which you can now do in the same time as these first three and you're over $200K and able to do four at once. Keep it up and keep reinvesting the cash and you'll have enough to start making loans to other rehabbers. You'll have the knowledge to evaluate their deals and the ability to deal with a house if you have to take one back. If you accumulate a million and get 12% returns, you're making $10K a month, pre-tax. Call it $6500 a month after taxes. A good rental might net $100 a month, and the favorable tax treatment means you keep a lot of that $100. So, your nest egg in hard money loans is equal to about 65 rental units. And a LOT less work!

Thank you guys for great advises

Keith if you can please send me please (net operating income sheet)My email is [EMAIL REMOVED] Thank you very much

Please start a new thread to discuss finding deals. Please realize its a big country and prices vary widely from location to location. But please start a new thread rather than hijacking this one.