Should I buy and hold an 18k house or resale for 35k at FMV

[Kurt Toth]

I bought a 3 bed 1 bath for 18k through a private seller. The homes fair market value after minimal rehab would be around 35k. Should I hold it for a few years and rent it out or should I sell it immediately after rehab is done?

[Sunny Suh]

Agree with @Steven Foster Wilson, really depends on your long term goal. Personally I’d keep it, and sell when I need the case for a better opportunity to earn more like what was previously mentioned. Granted, you take on more work/stress/risk however you want to look at it, but that’s okay with me, may not be for you or others.