Flip,Rental,Flip or vice versa ?

[Michael Dunn]

Hi,

I need some guidance on which direction / approach to take , in my pursuit and goal of acquiring Rental properties, while at the same time flipping a house here or there to use the profit from the sale, to pay for the 20% down, on the next Rental.

My two main questions are .....

1. Should I NOT flip any of the houses , and just purchase each using financing ( from a Bank or a Lender ), and put 20% down on each Property?  This way, since I'll be purchasing each as an Investor, I should be able to do a " No Seasoning " Cash-Out refi , as soon as I close on the property... yes ?  And if so, I could use that $ for the 20% down on the next property ( this assumes I purchase these for around  20% Below Market value )

2. Is there any benefit to Flipping a property vs holding onto it as a Rental ?  If you sell it then you give up a monthly Cash Flow stream , BUT you get a large Sum of money for the use of maybe paying Cash for a Property ( assuming you can find one that makes sense to pay for it in Cash )

Thank you for any an all advice

[James Syed]

@Michael Dunn

Welcome to BP.

My advice will be;

Flip - Flip - Flip - Rental - Flip - Flip - Flip - Rental.............

3 flips and rental and so on.

Hope it helps.