Sell my flip or rent it out?

[Luke Fouch]

My long term goals are to buy and hold all my real estate, but I’m flipping to generate cash to buy rentals. I have my current flip project on the market, financed with all cash. I’m considering doing a cash out refi and renting it out.

Realistically, I can cash flow $500 after the refi and have $80k back in my pocket for the next deal.

If I sell at the same price as the refi appraisal, I’ll have $115k ready for the next deal.

I invest in a market where I’ve bought all my deals for under $50k, so either cash position doesn’t shut me down.

What do you think? Sell or rent out?