The Best Strategy (Flip? Buy Hold? Seller Financing? )

[Franky Juwana]

Hi My Biggerpocketers!

My partner and I just signed contract for the first house that we're going to fix up, here's the simple breakdown

Purchase price: 325k

Rehab: 30k-40k

ARV : 460-490k

Monthly Holding cost (Tax, insurance, Maintenance, no mortgage) : 1100

Rehab is 1 month, but if we flip and sell, I'd like to sell it around spring time so we could get as much profit during this time. So holding time around 4-5 months. 

The average rental in the area is $2600-$3100

We are still open for any suggestions, we could do BRRRR way, but not sure I want to be a landlord and is it worth paying a property manager?

I appreciate the help and any inputs.

FJ 

[Jon Reed]

There is no right or wrong answer. Do you need all the cash out of the property to buy your next property? Does just 80% of ARV provided enough cash to buy your next property? Does leasing it out making a solid yearly return? Do you know a good property management company that you want to use? Does selling or holding the property help you reach your goals?

Answer those questions and you will answer your own question.