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Updated about 7 years ago on . Most recent reply

Thoughts on Pure Rental, or Fix/Flip ?
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 ?
Most Popular Reply

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....