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Updated about 3 years ago,
Newby seeking advice - Flip or keep as rental
Sold my primary residence (live in duplex where I had rehabbed both sides) earlier this year for a $147k profit. Took part of that money and paid cash for a SFR 3bd/1ba here in town (Wichita, KS). Initially I was planning to BRRRR this and use a rental but with the market still hot here, am considering selling. This would be my first stand alone Flip or rental that I'm not living next door. Long term goal is to have a 20+ door portfolio but a $40k shot in the arm (after 1.5 months) is very appealing. Both options seem good but because I'm still in the newbie phase, seeking advice. Thanks in advance!
Bought - $72K
All in - $81K
ARV - $125K
Could easily get $850 for rent, but would shoot for $915
Monthly Cash flow - $178