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Updated almost 4 years ago,

User Stats

58
Posts
13
Votes
Daniel Luedtke
Pro Member
  • Lender
  • Windsor, CO
13
Votes |
58
Posts

Should I Flip or keep as a rental (SFR)?

Daniel Luedtke
Pro Member
  • Lender
  • Windsor, CO
Posted

Looking for advice on whether to keep this property as a rental, or flip?  

PP = $77,100

DP = $5k

Rehab = $36,175

All in at $113,275

ARV = $140k

Flip 'Net' income should be around $20k.

PURE cash flow as rental = $204/mo

I'm building my portfolio so I can replace my income sooner than later. I currently have: a Triplex, 2 STR properties, and a SFR that are all cash flowing well. I have another triplex I just closed on that will be a while to rehab, and another 2 properties I will be closing on by end of March. One will be a flip, and the other a property with 2 houses on that should CF well. If I flip this one, I could get back most or all of the cash I have in the last 5 properties I have purchased (and the 2 that are soon to be closed). Doing the flip, would allow me to keep purchasing more properties quicker. However, at $200+/mo in 'Pure' CF, I know it is a good property for a rental too.


Thoughts greatly appreciated!  TIA

  • Daniel Luedtke
  • Loading replies...