Thoughts on Pure Rental, or Fix/Flip ?

[Alan Hicks]

I am going to look at a 3/3 with a full un-finished basement today.

Price = $130,000

Median Neighborhood is $155k.

Rent around $1200

Options:

1. Pure rental property

2. Finish basement and flip

I just finished my primary home basement (1200 sq ft with Bedroom, Full Bath, Library, Theatre, and Rec Room for $10k, and could do the same again for this new house.

Thoughts ?

[Chinmay J.]

Originally posted by @Greg Parker:

flip it.  Then 1031 that cash into a rental to keep.  Rinse, repeat.

Easy now.... 

Flips don't qualify for 1031..  

Take it nice and easy....