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Buying & Selling Real Estate

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Dan K.
Pro Member
  • Investor
  • Dallas, TX
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74
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Rent vs. Sell? More equity or less cash?

Dan K.
Pro Member
  • Investor
  • Dallas, TX
Posted May 22 2015, 09:02

Hi everyone! I purchased a single family house with hard money, rehabbed, and intended to sell. It appraised well, but isn't selling at the price I hoped for.

I am thinking about renting and holding onto the equity. It would cash flow but not by much - maybe $100/mo once vacancy/maintenance are factored in.

I did get a low offer - for about $10k less than I had hoped to sell for. I would still make a little money net, but wondered - how do BP users think through cash vs, equity?  When is it best to hold or sell?

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