All Forum Posts by: Pedro Paz

Not at all Jaron… my goal is to hold one/flip one. But I also realize that every deal is unique. So this one I’m specifically trying to weigh the long play with the short play. The biggest hold up to me is the short term rental and the challenge of predicting how much it will bring in in rent. Should have mentioned that with the refinance I’ll only have 30k or so in the deal. So all things considered it’s pretty cheap to hold. 

We bought a property in the DC area initially as a flip. But through the process, we met a local property manager who analyzed our property and gave us numbers in income. So we decided to go that route as a short term rental. We’re now just thinking is it worth the hassle long term since interest rates ar so high as our mortgage will be quite high. Or should we just hold it for a couple years until we can refinance and then grow our cash flow. As it stands, here’s what we’re projecting:

Profit if we sell: 60-115k

Rent if we hold: $400-1,000 p month in profit 

Anyone have any advice? We’re young and want to hold long term but aren’t sure if we should take advantage of the market and take our high profits as is. Would appreciate any insight!!