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Updated over 1 year ago on . Most recent reply

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Brad Whit
  • Florence, AL
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Should I sell my flip house, or keep it as a rental?

Brad Whit
  • Florence, AL
Posted

Hello all! I have purchased a house with cash that I have flipped and currently have on the market. It has been on the market for almost 2 months now. It has been shown 13 times, but still have not received the first offer. With interest rates rising, the market here locally has come to a screeching halt. So should I sell my property and take no profit? Or should I cash-out refi, and turn the place into a rental that would cash flow me about $200/month??

Any recommendations would be greatly appreciated!

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,408
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

REFI

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