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Updated over 7 years ago on . Most recent reply

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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
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Would you walk for $50,000?

Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Posted

I closed on a 10-unit on Monday. On Wednesday I was offered to flip it for 50k. I know what I did, but would you do it?

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

What were you original goals on the property?

If your original goal was to fully rehab it and then sell it for a $51K profit, I know what you should do... ;-)

Seriously though, I know you're a landlord, and unless good 10-unit deals come along all the time, my guess is that holding as a rental is probably more valuable to you than taking the profit. And reading your other posts, you appear to be a very good landlord, so I'm guessing the cash flow and immediate equity on this one is better than a quick $50K.

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