That depends on what your goal and your situation. Do you want quick profit or to build wealth long term? How much you can rent it for? What's your ROI if you rent it? What is your acquisition strategy? You own fund or hard money? How soon are you planning for your next project? Do you have fund for your next purchase?

@Kevin Stone I like your strategy. With a day job, you can hold a bit and build some equity while the market moves along. If you do ever quit your job, you can use these high equity rentals as ways to raise money or flip one per year while you're ramping up. If they require a lot of cash/rehab to get rent ready, then the above doesn't apply.

if you are able to get a conventional loan after your rehab that gives you your initial capital (down payment and rehab) and you would be positive cash flow then this sounds like a great buy and hold. In addition you would have equity in case you decide to sell in the future Good luck

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Updated about 9 years ago on 02/03/2016. Most recent reply

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Kevin StonePoster

Investor
Fayetteville, GA

Buying & Selling Real Estate

Rent or flip?

Kevin StonePoster

Investor
Fayetteville, GA

Posted February 03, 2016 15:13

I'm about to purchase a 2500sqft home here in Atlanta Ga. Purchase price is $103,000.00 homes in this subdivision sell for around $95.00sqft. Should I rent and hold or should I flip and cash in?? Forgot to mention if I flip, my budget is $50,000.00 for the rehab, if I rent the rehab budget will be much lower.

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