To Flip or Not to Flip!

[David McClain]

Buying a foreclosure, I’ve bought a home and have $35k in equity before I’ve fixed the home up. We are planning to Flip the house. However, I like the idea of cash flow monthly. I also want to buy other property with the cash if the sell amount is high enough. Thoughts? Flip or hold?

[J Scott]

Nobody can answer that question for you. If you tell us your long-term goals, your financial situation, your level of experience, the potential flip profits, the potential rental CoC/IRR, your plan for managing the property, etc., then maybe we can provide some basic thoughts and recommendations.