My First Deal: Cashflow vs Equity

[Geo Johnson]

Hello All,

I’m currently in the process of developing my first RE deal. I have Realtor and I’m working on funding. My question is this: while researching deals I’m finding two major types of properties, major rehabs and turnkey rentals. The rehabs go for 60k needing roughly 60k in repairs. The average turnkey property goes for 140-160k. Should I take the experience of the rehab for 20k in equity or get cashflow right away with the turnkey rental and force appreciation over time? I can’t wait to read the responses!

Thanks

Geo