← Real Estate Rookie5 dagen geleden · 23 min
Should You Keep or Sell a Rental Property That Needs Work? (Rookie Reply)
Your first rental cash flows just fine, but it needs some work, and in order to scale your portfolio, the next big decision hits: Should you hold and repair, or sell it and cash in? Today, we’ll show you how to tell a “keeper” from a potential money pit before you spend a dollar more!
Welcome back to another Rookie Reply! This week we’re tackling three more questions from the BiggerPockets Forums. First up, we’ll hear from a couple choosing between house hacking and flipping houses and show them why it might not have to be either/or. Next, an NYC investor is debating between two real estate markets, and we’re breaking down how to *make his money go as far as possible.*
Finally, a landlord’s first long-term rental needs significant repairs, and he’s questioning if it’s worth renovating or if it’s finally time to sell. There’s a crucial step he needs to take before making that decision, and we’re uncovering exactly what it is!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
How to determine whether you should keep (and fix) or sell a rental property
Why it’s crucial to get real repair estimates before assuming the worst
Why house hacking and flipping don’t have to be mutually exclusive
Financing options that can get you into a property with little to no money down
How to choose between two (great) real estate markets
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-769.
podlinkr.com/real-estate-rookie/2497721533390227
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