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All Forum Posts by: Joshua Porter

Joshua Porter has started 1 posts and replied 2 times.

Rehabbing & House Flipping

Post: Should I flip or rent my first investment property?

Joshua PorterPosted
  • Posts 2
  • Votes 0

@Nathan Hughes thanks for the advice. We paid cash for the purchase of the house $23,000 and financed the rest. The market is fast for selling so I am leaning more towards that. Thanks for the reply!

0 Votes
Rehabbing & House Flipping

Post: Should I flip or rent my first investment property?

Joshua PorterPosted
  • Posts 2
  • Votes 0

I need some help! I bought my first investment property a year ago. This has been a learning experience for sure. We have had several setbacks which can mostly be attributed to our inexperience. We are now closing in on finishing up within the next 4 weeks. I initially purchased the property to a

BRRR property but I am considering flipping as we have spent more than we anticipated. Here are the numbers:

Purchase Price:$23,000

Total Rehab: $ 87,000

Total investment: $110,000

ARV: $142,000

Rental market:$1200/month

Again not sure what other information would be helpful but let me know any thoughts.

0 Votes