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Updated over 8 years ago,
To flip or rehab and rent in Kansas City
Hi Bigger Pockets!! I currently own a commercial property that I run my barbershop out of, and lease chairs to 4 additional stylists. I am wanting to move into the residential side of real estate, but can't decide on flipping or renting? I have just refinanced my commercial location so have a little cash to get started; however, I have also been encouraged by a friend of mine to use hard lender money and general contractors when flipping as opposed to going bank loan and sweat equity route. I am interested in bank owned properties, and also would like to meet wholesalers. My ultimate goal would be to obtain rentals for long term investments and flip along the way. Any input would be helpful. I am anxious to get my feet wet, but want to make sure my first decision is the right one! Flip or Rehab Rental?? Thanks!