Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Real Estate Deal Analysis & Advice
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 over 7 years ago, 05/12/2017

User Stats

81
Posts
19
Votes
Brittany Villamil
  • Houston, TX
19
Votes |
81
Posts

Should I flip or rent....please advise!!

Brittany Villamil
  • Houston, TX
Posted

I have a 2300 sq ft house under contract. Two story 4 B 2.5 BR ...not an open floor plan in anyway. 

PP: 146k

ARV: 215k

Rehab: Basic cosmetic only. (New roof, new ac and furnace.) 23k

I will need to use a hard money loan. I only have 30k cash. 

Should I flip vs buy and hold for one year?

OR

My primary residence is 1800sq ft 4B and 2BR open and airy floor plan. 

PP: $145k

Comps: $195-200k 

Rent rate: $1400 

I am crazy enough to sale this house OR rent it out and move into the house above. 

I don't know which option is best for me right now. 

If I flip the first house I mentioned, I HAVE to sale the house for 198k to break even. 

What would you do!?

Loading replies...