Hard Money Bankers - Determine If You Should Hold Or Flip
Many people call asking if they should flip or hold a property when deciding to do a deal. Sometimes they ask me what they should do. My first thought is that they should already know that and that they don't know their area well enough if they don't have a well planned exit strategy. A good indicator on a flip vs hold strategy is by looking at the amount of owner occupied vs non occupied on the block. Match this up with some comps and it will tell you if people are moving in to live or if investors are dominating the long term holds there.
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