Buy Hold & Rent vs Buy Fix & Sell

[Lisa Fraser]

I would like to receive feedback on this question. Currently my husband and I are in pre-foreclosure with our mortgage company, however their are working with us to re-group and continue with paying for the home. One of the forms asked if we like the opportunity to get a forbearance of the monthly payments, which we choose to accept. Now my question is this, if allowed to get the forbearance should we fix up the needed repairs (roof has some areas that need to be reshingled) and then some cosmetic updates and sell or hold and rent out. This is a SFH and our primary home.

I would really appreciate some opinions based on your own experience and expertise.

TY