Buying my first property, a foreclosure, should I hold or resell?

[Antonio Chelala]

Hello everyone,

I am extremely grateful to have found this great platform and a community like you all:)

I am new to real estate and rental property investing, and I am starting to run the numbers on listings to train myself to see if there is Cashflow. I am now in the phase of educating myself and reading books and joined this forum to gain knowledge before I invest in real estate.

My question to you guys today, is I found a property for foreclosure at this address 1811 E Lakeview, Benton AR. I still don't have a good estimate of the rental prices, Zillow is suggesting a number but I don't always rely on it.

If the renting out the property generates cashflow, then I will buy and hold.

If the property does not generate cashflow renting it out, would it be profitable to buy the property and resell it, since it is on foreclosure?

Thanks a lot

Best,

Antonio