BRRRR or flip????????

[Drew Denham]

I purchased a house for $36K last year and i'm deciding whether I want to flip or BRRRR and keep it forever. Its in an A+ area, 3 bed, 2 bath, garage, and outbuilding.

$36K PP, est budget $50-60K, ARV $140-150K.

I could rent in for $1250-$1300 per mo, positive cash flow of around $300 per mo - 20 year note, no property manager, assuming vacancy, capex, maintenance, taxes, insurance and P&I.  Loan of $80K or so.  

It probably comes down to what my WHY is?? I want to get out of my Corporate America job and do this full time. 

Do I take the lump sum and run or stick to the positive cash flow game?? I'm just trying to see what others in my situation have done, what works, what doesn't. 

Thanks!

Drew D