Updated over 5 years ago on . Most recent reply
Sell my flip or rent it out?
My long term goals are to buy and hold all my real estate, but I’m flipping to generate cash to buy rentals. I have my current flip project on the market, financed with all cash. I’m considering doing a cash out refi and renting it out.
Realistically, I can cash flow $500 after the refi and have $80k back in my pocket for the next deal.
If I sell at the same price as the refi appraisal, I’ll have $115k ready for the next deal.
I invest in a market where I’ve bought all my deals for under $50k, so either cash position doesn’t shut me down.
What do you think? Sell or rent out?