Flip or Rental, how to decide?

Question

When looking at a property what is the best way to determine whether to make it a rental or a flip?

Andrew Bosco · Answer

Use the BP Flip Calculator vs. the Rental - then decide!

Flips make you money, but rentals over time make you solid equity/cashflow (if applicable) if done right. Flips you need to watch out for underestimating costs and capital gains. House hack rentals sort of buffer those effects a bit with a reduced living lifestyle. I'm a fan of house hacking a rental multi family, then do some fixs on the side to build up cash.

Sean Hudgins · Answer

Flipping is a great way to build your war chest, and renting is a great way to keep that money growing and working for you. You must get clear on your goals and what you want to do.

What are your finances, do you have more money than time or do you have more time than money, and what are you trying to get out of Real Estate investing?

Bob S. · Answer

Depends how much you are making on the flip. However, wealth is built not flipped. Biggest mistake I made was not keeping 50 or so more of the 500 I flipped HUGE mistake,

Flip or Rental, how to decide?

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