Flip or Rent?

Question

I recently purchased a home with an estimated ARV $265000. I will have about $200,000 of my own cash invested. Do I flip and move on to the next or cash flow a couple of years. I am concerned the area I purchased in 32148 won't see as much appreciation compared  to a purchase in another surrounding county. I have spoken to some realtors in the area who say rent would be btw 1600-1800/month.

Elaine Jackson · Answer

Thank you so much. I have long term goals of cash flowing for retirement. But if I ask myself if I want to rent in this area I would say no. Flipping this property seems more like the right decision.

Ko Kashiwagi · Answer

Hi Elaine,

If it's in an area you wouldn't want to rent in, it's usually a flip. You could do a cash out refinance and rent it out while getting the cash out of the deal - but if you have zero reasons to keep (no cash flow or no appreciation), it may not make sense.

Bob S. · Answer

FLIP 1700 in rent all in 200K is terrible,

Jacopo Iasiello · Answer

Hi Elaine, question are what is your investment goals and risk tolerance?

Flip or Rent?

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