Flip or Rent?

[Elaine Jackson]

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.

[Ko Kashiwagi]

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.