Fix & Flip or Rent?

[Virnisha Pastore]

Hey, 

Looking at a property in Norfolk which could either be a fix and flip or a rental. Wondering what your opinions are on which way to go and if the numbers make sense. Here are the stats:

$119,500 Sales price

Comps around $240,000

Rental approx $2,000 per month (close-ish to the 1% rule)

Flip would likely render about 26% after work (I know not the 30% but close)

Turn around would take about 4-8 weeks (think it would be closer to 4 with the right team)

Which way would you take this and is this something you would jump on if you had the chance? Have until Monday to figure this out.

Cheers!