Updated about 9 years ago on .
Flip or rent in Minnesota...
I have a pretty basic scenario I'd like some opinions on... I bought a property in December for 31k, and put 18-20k into rehabbing it. Im debating on flipping it, or renting it. It would rent for $900-$950/m, and my realtor wants to list it for $99,900. Iv owned it for 3-4 months, and an not sure what's the best play here. I have a loan on it for 38k, at 4.75%. What am I looking at for taxes on a sale, vs selling it 5 yrs? Rent it out, or flip!?