Flip or Hold

[Joseph Molander]

Hay BP, I need some advice. I closed on my first SFR in January this year, I should be completing repairs by the end of this month... might be mid next month. The question I have is this. Should I rent it or sell it? The reason I'm having trouble making the decision is if I rent it then The cash flow would be great. If I sell it I'll be able to knock out a substantial chunk of personnel debt. Also the timeline for my investment goals are pretty short, for now. Is flipping a better option of short term goals? Is cash flow more important than eliminating personnel debt quickly? Below are the approx. round numbers. Purchase + rehab = $55,000 ARV = $110,000 Rent $1000 - $1200 I'm really not sure which route to go toward. I would love to hear you thoughts. Thanks so much!