Keep for cash flow or flip?? Thoughts??
Hi all,
I'm a bit on the fence about a decision that needs to be made and would just like to hear some thoughts from the collective BP wisdom. For some context, my goal is to accumulate SFH to buy and hold long term. This is my first mobile home.
I rehabbed a mobile home (dble wide/manufactured home depending on where you're from) that I initially had been planning on keeping and renting just for the cash flow. It would cash flow very well. (potential 500/month) According to my realtor, it would also sell very well and I could really use the capitol. I'm getting hung up on the questions...do I keep it because it cash flows well and it fits my goals for buy and hold? or do i take the money and run because it's cash in hand now and I can't expect any appreciation on it? And go for a better property? Are there other angles I haven't thought of?