Closed on a great priced property. Should I list and resell immediately (for $20k profit) without rehab or rehab (for $35k profit after investing in $50k in repair)?
Keep and rent it . Flips are cool , but you only make money once . Rentals is money monthly forever .
Hmmm, $20k in profit without lifting a finger or spending any money or time or $35k in profit after spending months dealing with contractors, holding costs, unexpected hits to the original, underestimated budget, selling time, etc, etc. Look at it this way, you are increasing your expenses by 75% ($50k) to increase your profit (possibly) by 30%. ($15k). Not a good ROI.
Spend 1 month to make $20K or 4+ months to make $35K is really reducing your annualized returns. Go and spend the other 3 months looking for another deal. That would be time better spent IMHO.
I'm a flipper, and I 100% would sell for $20k today and not flip for possibly $35k in a few months.
Definitely buy and put it back on the market immediately for the 20K profit
Thank you for the input.