Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

16
Posts
5
Votes
Staci Craft
5
Votes |
16
Posts

Spent my cash on a rental, now I can’t act on a flip deal

Staci Craft
Posted

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?

Loading replies...