First Deal! Should I flip or rent it?

[Aaron Lane]

I've been on BP for about 2 weeks now and have my first official offer in... the seller hasn't signed the contract yet so finger's crossed. So I ran the calculations for BRRRR and we'll cash flow about $200 a month (after refi). It was a cash purchase and then i'd like to refinance that money out into a new property. My business partner want's to just flip it. Here's the rub, Zillow predicts this neighborhood will increase in value by 17% next year. Have you ever heard of a number this high? Should I trust it and hold the property for a while or sell and make a quick profit?

Also, I created an LLC yesterday and am now about to embark on the REI journey!

[Jeremy A.]

If there is one thing I have learned, that is to find your niche and master it. Flipping, BRRRR, and buy and hold are three different niches. Don't sell yourself short but make sure your numbers are conservative enough to cover all expenses to get the most accurate cash flow amount. My niche is to buy and hold, but it seems like you found your niche of BRRRR. Write down the positives and negatives of both with your partner. Draw up a 2,5 and 10 year plan and figure out which method will allow you to get to your end-goal the easiest. Good luck!