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Updated almost 5 years ago on . Most recent reply
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Spent my cash on a rental, now I can’t act on a flip deal
What should I do? I just used my savings to close on my first rental property. I’ve had a few interested but no one has signed a lease, though someone has reached out to me to buy it and they offered a renting to own. There are 2 deals in my area right now that I think I could flip but I no longer have cash for the down payment. Should I sell my rental and pursue one of the flips? Should I hold on to my rental and keep saving for a flip though it may take a year and I’ll lose the deals that are currently on the market?