Merkin Man
Contributor
I have been researching available properties in my area and have located two with good potential.
One is a SFR that I would flip - if I can get it at the price I think I can, put 10k-12k into it, I could sell it for a profit of roughly $20k.
The other is a 200 year old 3-unit in a good area that would CF in the neighborhood of $300-$400 monthly, depending on final price and other expenses that I have to verify.
As cash is limited right now, am I better off doing the flip to put more cash in my pocket sooner? Or take the monthly CF now?
Andy
:banana:
One is a SFR that I would flip - if I can get it at the price I think I can, put 10k-12k into it, I could sell it for a profit of roughly $20k.
The other is a 200 year old 3-unit in a good area that would CF in the neighborhood of $300-$400 monthly, depending on final price and other expenses that I have to verify.
As cash is limited right now, am I better off doing the flip to put more cash in my pocket sooner? Or take the monthly CF now?
Andy
:banana:
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