BRRRR or Flip our $35-40K all in investment

[Angie Shires]

So we have purchased a property that we had every intention to buy and hold. This would be our first true rental property...purchased for 16k, will require about 20-25k to rehab. ARV will be 60-65k.

Here's the big question...we know we eventually will end up in the rental business. We need to either BRRRR or flip to find out next deal (hopefully by the end of 2019). What would you do?

Pros and cons please!

[Sara C.]

I would BRRRR it if the numbers all work and it meets your cashflow goals. That way you won't have to pay all the flip taxes and you'll have your first rental!