Should I Flip and Sell or BRRRRR

[Matt Sain]

Hey y’all,

Long time listener first time caller LOL.

I have a property we are planning to flip. Bought for 76,500 can sell for 150-160. Needs about 25k to 40k renovation depending on how nice we wanna make it.

I had another investor tell me I’d be better off renting and then doing a cash out refinance. Just looking for advice. This is our 3rd flip. We’ve been averaging about 1 per year and want to step it up to 4 flips this year and start building a rental portfolio at some point in the near future. 

Thanks!

[Sarah Brown]

Depends on your end goal. What kind of rental would it be? What kind of cashflow would you get? I rarely recommend a cash-out refi. I prefer to pull a HELOC if I can. It gives a lot more flexibility.