Updated almost 6 years ago on . Most recent reply
BRRRR to flip or rent
I bought a house as part of a package deal. It needs minor rehab but not sure how to determine whether to flip or rent it. If I hang on to it and refinance, I would take the full loan value and pay off some LOC, or if I flip, I would take the profit and pay down other LOC. So is it exactly the same except I would be losing the prospective cash flow as a rental? Perspectives and thoughts appreciated.