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Updated over 8 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Samantha Weitzel
  • Investor
  • Las Vegas, Nv
4
Votes |
8
Posts

To flip or to Rent - Please help solve a debate

Samantha Weitzel
  • Investor
  • Las Vegas, Nv
Posted

Good Morning,

I both rent and flip properities.  I am wondering if anyone has a hard and fast rule they stick to when evaluating a property if it is a better return to rent it or flip it.

I am currently looking at a deal with approx numbers

$40,000 Purchase Price

$110,000 ARV

$25,000 Rehab either way

$1000 in monthly rents.

This is an out of state deal, so I would be paying commission or property management fees either way.  
Please share your wisdom for how you decide what to do if you play in both pools.

Thanks

Sam

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