What would you do?

[Account Closed]

I am a 25 year old Realtor and recently purchased 2 homes for investment purposes. Both of them were bank repos and are located in a great area. My goal was always to get as many rentals as possible.

House #1 - One of the bigger homes on the street but needed some work (new flooring, fixed up the kitchen, and A LOT of minor work. Purchased $65,000

House #2 - average sized home on the street but it is in mint condition. Original refinished hard wood, granite counter tops, etc. Purchased $63,000

I could rent both of these pretty easily BUT I could also make a decent profit if I was to sell them both as homes in that area sell between $85,000-$115,000. I personally think I could get around the 100k mark for each home.

What would you do, rent or flip?

[Account Closed]

You didn't give any rental info, so it's hard to compare selling to holding long term. If those houses rent $700 I'd sell both of them for a quick profit in a heart beat. If they rent for $1200, I'd might keep House #2 and, depending on repair costs, sell House #1.

Crunch the numbers for all possibilities.