To Rent or To Flip? That is the Question....Neptune, NJ

[Danielle Phillips]

This property is perfect for an investor who wants to have multiple exit strategies. 

You can do the repairs (approx. $15,000) and sell for ARV - $235,000.

OR

Do less repairs ($8,500) and rent as a section 8 property. The section 8 office in the County says that rent will be $1950/month PLUS they will include utilities. 

Property taxes are $4378, and property insurance (as an owner occupied is $1390/year). 

So what do you want to do?

Buy and flip for a $81k gross profit?

Or

Rent it out? 

OR

Sell on a lease option or a seller finance?

So many options...but you better decide fast, cause at this price it won't last!