Updated almost 3 years ago on . Most recent reply
fix and flip or hold in todays market
I have a house in dayton, ohio purchase for 110k put 25k into it including holding cost. Where i'm having a problem deciding is if i should hold or sell. Should i sell the property, for 180k-190k in the right now market(still very hot in my market)ARV is actually like 175k. Or should i hold the property and rent it out an wait a couple year for interest to come down and cash out refi. The property pure cash flows is $115 monthly.
On the other hand i could have about 50-70k if i sell the property to invest and could find a deal that cash flows a little better.
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The starter Homes will always sell.....those 100 to 200K homes. thats how it is in indy too....