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Updated over 8 years ago,
To flip or to Rent - Please help solve a debate
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