Updated over 5 years ago on . Most recent reply
Completed and sold first flip, now what?
Bought a C class house from a family member unloading a rental in Saint Joseph, MO. Cleaned it up and rented it for a year. After a year, took the cash flow my wife and I made to upgrade the house. Listed and sold for a 20k profit. Now we are wanting to buy something nicer to keep as a long term rental. We are having a hard time finding any deals that make sense as far as cash flow/appreciation/Location.
Is anyone just sitting on cash and waiting for the market to cool off?
Should we look for another flip in the meantime or just be patient until winter, best time to buy.