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Updated about 6 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Luke Fouch
  • Rental Property Investor
  • Fond du Lac, WI
2
Votes |
12
Posts

Should I rent this out or flip it?

Luke Fouch
  • Rental Property Investor
  • Fond du Lac, WI
Posted
I stumbled into a great property last month, and I’m trying to determine the best use for it. Basic numbers: All in expenses: $35k Currently would sell for $60-$65k With $10k it would sell for $90-$95k Will rent for $800-$850 per month and will appraise for $70k I’m flipping houses currently, but will add rental houses as they make sense. For those of you doing both, which way would you take this?

Most Popular Reply

User Stats

111
Posts
38
Votes
Ryan Johnston
  • Flipper/Rehabber
  • Tampa, FL
38
Votes |
111
Posts
Ryan Johnston
  • Flipper/Rehabber
  • Tampa, FL
Replied

Think long term. What's your plan in 5 years, 10 years, and beyond? Do you want to rent single family houses? If it aligns with your goals, rent it. If it doesn't don't rent it. Always good to have a view from 30,000 feet while you're working on the ground.

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