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Updated over 6 years ago,

User Stats

27
Posts
6
Votes
Justin Worsham
Pro Member
  • Burbank, CA
6
Votes |
27
Posts

Rental Property or Flip

Justin Worsham
Pro Member
  • Burbank, CA
Posted
I have had a rental for about 3 years now. I bought before I knew about bigger pockets. It costs me about $1500 a month right now and I have made $150,000 in equity. I currently have a tenant in there with a lease till May of 2019. They are great tenants who don’t look to be going anywhere. Should I flip it and use the equity to eithet buy a Rental that cash flows or hang onto it and finance my flIps? Curious about the thought of folks here. Cuz others have said I should hang onto it long term, but that doesn’t make sense to me based on what I have learned. What am I missing?
  • Justin Worsham
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