Flip,Rental,Flip or vice versa ?
Hi,
I need some guidance on which direction / approach to take , in my pursuit and goal of acquiring Rental properties, while at the same time flipping a house here or there to use the profit from the sale, to pay for the 20% down, on the next Rental.
My two main questions are .....
1. Should I NOT flip any of the houses , and just purchase each using financing ( from a Bank or a Lender ), and put 20% down on each Property? This way, since I'll be purchasing each as an Investor, I should be able to do a " No Seasoning " Cash-Out refi , as soon as I close on the property... yes ? And if so, I could use that $ for the 20% down on the next property ( this assumes I purchase these for around 20% Below Market value )
2. Is there any benefit to Flipping a property vs holding onto it as a Rental ? If you sell it then you give up a monthly Cash Flow stream , BUT you get a large Sum of money for the use of maybe paying Cash for a Property ( assuming you can find one that makes sense to pay for it in Cash )
Thank you for any an all advice