Updated almost 7 years ago on . Most recent reply
Should I rent this out or flip it?
I stumbled into a great property last month, and I’m trying to determine the best use for it.
Basic numbers:
All in expenses: $35k
Currently would sell for $60-$65k
With $10k it would sell for $90-$95k
Will rent for $800-$850 per month and will appraise for $70k
I’m flipping houses currently, but will add rental houses as they make sense. For those of you doing both, which way would you take this?
Most Popular Reply
Think long term. What's your plan in 5 years, 10 years, and beyond? Do you want to rent single family houses? If it aligns with your goals, rent it. If it doesn't don't rent it. Always good to have a view from 30,000 feet while you're working on the ground.