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Updated over 8 years ago on . Most recent reply

User Stats

28
Posts
22
Votes
Jose Reyes
  • Full Time Rehabber
  • Covina, CA
22
Votes |
28
Posts

Quick Money or More Money in 4-5 Months?

Jose Reyes
  • Full Time Rehabber
  • Covina, CA
Posted

Curious of everyones thoughts. I purchased a property and am now being offered significantly higher then my PP as-is, without doing a thing to it. Question:

Would you rather make $50k in a couple of weeks or appx $85k (maybe/probably more) in 4-5 months (rehab and resale). 

I'm not cash poor and don't have a ton of projects going on right now, but I always lean towards the quick money. I deem $50k is a lot of money. I won't have to deal with managing another project, budgets, contractors, time and building and safety depts..

Any thoughts?

Thanks 

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