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Updated almost 6 years ago,
We are trying to decided whether to flip or rent
We are trying to decided whether to rehab and sell the property we purchased with a hard money loan or refinance out of the loan and rent the property. Our debt to income has been a hurdle and made it hard for us to refinance it I found a company that will do it just at a higher interest rate. We will still potentially cash flow 350 dollars a month but I just don’t know what the right thing to do is. We could make a decent profit if we sold it at 190,000 in five months but then I’m worried about realtor fees and taxes taking a big chunk. Any advice would help