Should you flip a property or rent it? If homes sell in under 90 days, flip for quick cash. If they sit 90-180 days, rent instead. A $250,000 house with $50,000 in repairs could generate $2,600-$2,700 monthly rent.
But one of the many questions I get when we're talking to real estate investors is, when I look at a property, I look at it as a fix and flip. So we're going to buy it, fix it up and sell it, or am I going to buy it, fix it up and rent it? Two different platforms. If there's a high demand moving into that neighborhood and there's houses available that need to be fixed up, renovated and put back on the market, then that's a great market for fix and flip because you're going to maximize cash immediately. But let's just say that neighborhood is taking 90, 120, 160, 180 days Well, that's not a flip neighborhood, but there's a lot of demand for housing, period. And there's good valuation. So I can buy this property for $250,000, put $50,000 in it, but I can also get $2,600, $2,700 a month in rental income through a mentoring coaching program we provide. This ensures success and profitability.
