Buy and hold or Flip?
My business partner and I bought a house at 25k. It's going to cost us 25K to finish up. The FV is 101K which was done by our construction loan appraiser. We can rent this place out for at least $1400 a month if not more. Same house down the street is at 1400 and ours is nicer.
Our plan was to brrrrrr till we die but as of now we are pretty much banker financed. Is there an advantage to selling the house, becoming cash heavy, and then starting again with no banker financing or do we just hold onto this one, loan against it, and continue down the path?
Is there a RIGHT way to do it?