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Updated about 6 years ago on . Most recent reply
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Should I rent this out or flip it?
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
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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.