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Updated about 5 years ago on . Most recent reply

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Phillip White
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Phillip White
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Phillip White
2
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8
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Buying & Selling Real Estate

Rent and Hold or Flip???

Phillip White
Posted

I recently purchased an SFH in Memphis for 60k and looking to spend 20k in rehab bringing the house up to a nice living condition. The ARV's have been at 100- 129k in that area for nice homes. Question is after I am done should I refinance and hold or try a sale? I am nervous that once I refinance that monthly rent will provide me little to no real cash flow and that maybe if a sell there could be a small profit? This is my first one so I would appreciate other your thought on this?

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Phillip White
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Phillip White
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@Tyler Tapley it is on Graceland in the 38116 area

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