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Updated over 10 years ago on . Most recent reply

User Stats

13
Posts
2
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Rosie Vidales
  • Real Estate Investor
  • Helotes, TX
2
Votes |
13
Posts

Hi Everyone another Newbie from the Bexar County TX area

Rosie Vidales
  • Real Estate Investor
  • Helotes, TX
Posted

Bexar is the San Antonio and surrounding areas. 

Hi Y'all thanks for taking time for reading this. Here's my situation. I have purchased my first property and am rehabbing it right now (what a PIA (saw this acronym in a post I read earlier and love it!)). I used my own $ before I learned NOT to do that and use a hard-money lender so my funds are strapped. I have just finally gotten a hard-money loan for rehab funds (hate the fact that I have to wait on draws). 

Here's the question-I will have probably 40% equity in the property. Should I hold it as a  rental or try to sell it? My thought is that if I keep it as a rental property eventually I will make a lot more money in the long run.  At some point int will become positive cash flow.

What do you savvy REI typically do?

Thanks, Ro

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