financing in approval stage for 3rd property

[Zaheer Jabbar]

Dear Friends,

I hope you can remember me. I am the newbie who was asking advise on the methods of financing a 3rd property and I was advised to used the equity from one of my properties to finance the 3rd. And, so the good news is: Wells and Fargo, is in the process of approval stage.

Here, I will have to  decide my choices. 

There is a duplex with no work to be done, which grossed $1250.00 monthly, there is positive cash flow. I can get this property for ,$25,500. However, the resale Value or appreciation is very poor.

The second choice as I mentioned before, is a nice single family home In a nice neighborhood. The price is the same but I have to do lots of work, about $6,000 and there after the resale value could go for $46,000. The rentak income could be for $700 per month.

Which one you think I should go with and give your reasons. Please.

Please help me to grow. I will listen to sound advice. I was told to go with the credit lines of the two last homes which are mortgage free and I did.

Please  tell me more...thanks in advance.

[Jeremy Tillotson]

@Zaheer Jabbar This is a choice that only you can make. If you sell the flip what would you do with the profits? Do you want to build more cash, or cashflow? I am focusing on flips in 2015 but that's just me.