Updated over 4 years ago on . Most recent reply
Flipping or holding in the market right now
New investor here in North Carolina. Do you guys think it’s a safer play to fix and hold in these circumstances right now , or a fix and flip is still good depending on market.
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#3 Starting Out Contributor
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- Mendham, NJ
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#3 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
The question is way too broad. It's all neighborhood and area driven. What kind of property are you even talking about? Single-family, multi-family, condo? What you really deciding between when you compare fix and hold versus fix and flip is:
1. Is the cash I can get out of the flip right now good enough to warrant taking this money and using it for something else? (flip and sell)
2. Is there a strong potential of appreciation coming based on gentrification or neighborhood influx? (flip and hold)
3. Is there a strong rental market right now that can hold this property at its value for a while so I can hedge for more appreciation over time? (hybrid)
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