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Updated about 9 years ago,

User Stats

3
Posts
1
Votes
Chad Jones
  • Fort Worth, TX
1
Votes |
3
Posts

Sell a profitable rental to start a house flipping business?

Chad Jones
  • Fort Worth, TX
Posted

Hi everyone,

This is my first time to post, so I'm hoping it's in the right place. 

I've had a rental for about three years, it's worth about 165K and I owe 65K on it.  My renters just informed me they are ready to move.  This investment earns a decent rate of return and has cash flow every month.  It's a good house, 12 years old, it strikes me as one of those rentals that could be held for a very long time.  

My question is, should I sell it to start a house flipping business?  100K would be enough to at least get started, with the help of some hard money lenders.  I've wanted to do this type of business for quite a while now, but never had the capital available to me, until now. 

So I realize this is a very broad and general question, just wanted to get some opinions of other investors.

Thanks in advance for your advice.

Chad

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