Renting or Flipping

[Jeb Armstrong]

When I purchase my first property, would it be more logical to flip the house or rent it out? Also, which is better in the long run, flipping or renting? Pros and Cons of each? 

[Kerry Fladung]

Flipping VS Renting depends on the property and the market.   I started out as a flipper but realized that in my market being a landlord is more profitable.  I have flipped ~ half and kept ~ half the houses I have rehabbed.   

Flipping means you are in and out of the market all the time.  The short term risk is higher but so is the reward.  You have spastic cash flow as you spend a lot of money to buy and fix up a place but there can be a huge pay check at the end.

Renting means steady income and cash flow, which my lender likes to see.  Boring monthly cash flow and solid net worth lets me borrow money to buy my next project house.   It also means long term net worth goes up as real estate values rise and loans are amortized off.