Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Sell, Rent or Lease Option decision.
Hello all, I've been going back and forth on what to do with my latest rehab. I started the process with the intent to most likely rent it, but rehabbed the house at a level that I could sell it also. Lately I've been thinking it might be better to sell to have more liquid funds to buy the next one, but I'm not sure I need it and can put the money to work consistently. I've got enough funds and some private lenders to handle a couple houses at a time for buy/sell and I can wholesale if necessary. I can sell and net 50-60k or keep it and it will be a 1% rental which is not bad in California. The 3rd option is to do a lease option on it to save myself on taxes when option hopefully exercised in a year. Not sure I want to deal with the extra hassle of that however. Brain storming here, not looking for anyone to make my decision for me.