All Forum Posts by: Mark Angel

 Thank You, @Sarah Hatton, @Andrew Bang, and @Alex Bekeza for the much needed advice. That was my original plan so I am going to stick with it. 

Hello everyone,   

I am stuck in between buying a fix and flip or a rental property. 

I am currently trying to buy my second investment property. I have an offer accepted for 70k with an ARV of 140k and an estimated 30k in rehab.

I also have an opportunity to buy a townhome at 80k with little to no repairs. The average rent in the area is 1200 and would most likely use a DSCR loan.

What recommendations do you have? Whichever I do I want to make sure I can still fund another deal, so if I fix and flip the property I plan to use a 1031 exchange into a rental property. If I buy the townhome I would be getting cashflow but not sure how I would be able to fund my next deal. I was thinking about using an equity loan on the property but not sure if it's worth it being that I would only have about 20k in equity.

Any advise is much appreciated. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000
Cash invested: $5,000

This is a Single Family Home, I still currently live in with a roommate. I plan on staying in this property for a year and then plan on renting it out to military members around the area.

How did you finance this deal?

VA Laon

How did you add value to the deal?

Added carperts.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000
Cash invested: $5,000

This is a Single Family Home, I still currently live in with a roommate. I plan on staying in this property for a year and then plan on renting it out to military members around the area.

How did you finance this deal?

VA Laon

How did you add value to the deal?

Added carperts.