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Rehabbing & House Flipping

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Samantha Klein
  • Investor
  • Monroe, WI
610
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691
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Would you try flipping or buy a 4 plex?

Samantha Klein
  • Investor
  • Monroe, WI
Posted Dec 25 2016, 12:25

I'm posting because I am stuck, I don't know which direction I want to go. I will have a decent amount of money early next year from a cash out refi and I wanted to buy a 4 plex or two and start earning rental income on those however I have always liked the idea of flipping houses. Would you flip a few houses first and use that money to put down on a plex or two, or would you just buy the 4 plexes and keep saving for more down payments? I ran 6 year estimated numbers on where I want to be and would have approx 120k more in 6 years if I held off buying the 4 plexes for 1 year and flipped 2 houses a year for a 20k profit each then using the profits to use as DPs. 

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