Whether to Buy & Hold or Flip a Property

[George Sass]

I have a house that I can't decide whether I want to hold or flip. I bought the house for 40k and I believe that if I sold it after renovating, I can earn approx. 25k after all expenses and closing costs. However, if I hold onto it, I can get approx. 1k/month in rent. I can see the positives for both options. My overall plan is to flip houses while slowly adding rentals to my portfolio to generate some passive income. Any advice? 

[Elizabeth Colegrove]

What are you goals? What do you see yourself taking this money? Honestly all of ours houses we could "flip" for those types of profits. Those are the types of the profits that we want when we buy a house.

Here's the thing the $500 a month in cash flow means more than the 25k in profit. It is also VERY hard for us to find these houses so there is not a dime a dozen ;) Therefore we have chosen to keep the houses and build up our cash flow which reaches OUR goals!

Now if you have an infinite number of these houses and the time to flip. Than I would flip to fund. Unfortunatly that doesn't work in my areas ;)