All Forum Posts by: Lance Brown
Lance Brown has started 2 posts and replied 3 times.
@Andrew Frowiss
My original goal was to turn it into a rental For the passive income. My Overall goal is to obtain enough passive income over the next 15 years to become financially independent. So I guess my real question is it better to sell for the capital at this point for my next deal? I am currently a college student with this mortgage being our only debt. I do like the idea of having 10 + properties under my belt in those 15 years. Thank you for your response!
I have been working on my fIrst RE deal doing a live and flip for the last 3 years and am just about finished with completing the flip. Bought the property for about 90 and put maybe 10 into the property. Local prices have increased to where I could sell for at least 145k. I was planning on just turning it into a college student rental and could rent the home for about 1200 a month. I don’t know if I should keep it for a rental or sell it for the gains so I can have more capital for my next deal. Any advice would be appreciated! Thanks!
Post: Keep property for long term rental or sell for 40k+ gain
Lance BrownPosted
- Cedar City, UT
- Posts 3
- Votes 0
I have been working on my fIrst RE deal doing a live and flip for the last 3 years and am just about finished with completing the flip. Bought the property for about 90 and put maybe 10 into the property. Local prices have increased to where I could sell for at least 145k. I was planning on just turning it into a college student rental and could rent the home for about 1200 a month. I don’t know if I should keep it for a rental or sell it for the gains so I can have more capital for my next deal. Any advice would be appreciated! Thanks!