Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

22
Posts
4
Votes
Clayton Miller
  • Realtor
  • Columbus, IN
4
Votes |
22
Posts

Buy and hold or Flip?

Clayton Miller
  • Realtor
  • Columbus, IN
Posted

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?

Loading replies...