Flipping vs. BRRR

[Landon Dolezal]

So I've been interested in doing some flips in my area. (Been doing some "driving for dollars") but as I've been listening to the podcasts I just wondered why would someone flip when they can keep and refi later on and still get their cash back. Am I missing some finer points here? I appreciate all the feedback. :)

[Joe Bertolino]

What is the highest and best use of the property? For my area, it makes more sense to flip single family homes and redirect the profits into multi units (2/3/4) to BRRR. I can find single family deals that rent in 1%+ range that would cash flow but it would give me little satisfaction. I would prefer to see a homeowner in there and the profits funding larger properties designed for renters. My main goal is to have a few large apartment complexes with a PM handling everything.