Hi Everyone another Newbie from the Bexar County TX area
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