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Updated about 2 years ago on . Most recent reply

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Susan Banks
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5
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[Calc Review] Help me analyze this deal

Susan Banks
Posted

This property is in a small rural town outside of Rockford. I had an opportunity to purchase low in cash. Now I am torn between financing and renting vs. flipping. The husband is leaning towards flipping due to distance (we are in Texas). We would get hit with small gains tax and would not have property. However, the home is modular and will eventually need electrical work the walls cannot accommodate, and is situated in a "dying town," according to a native resident. Given the context and the numbers, what would you do?

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*This link comes directly from our calculators, based on information input by the member who posted.

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