{"id":8384,"date":"2018-03-01T15:15:37","date_gmt":"2018-03-01T23:15:37","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8384"},"modified":"2018-02-27T08:37:41","modified_gmt":"2018-02-27T16:37:41","slug":"choose-flipping-rental-properties","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/03\/choose-flipping-rental-properties\/","title":{"rendered":"How to Choose Between Flipping &#038; Rental Properties"},"content":{"rendered":"<p style=\"text-align: justify;\">Real estate investing continues to be a popular strategy for entrepreneurs from all walks of life, as it provides more predictable, steady returns than stocks and bonds. Thanks to the equity created in a real estate investment, entrepreneurs can build a foundation from which to finance other lucrative investment opportunities.<\/p>\n<p style=\"text-align: justify;\">While real estate investments of all types can offer great returns, two of today\u2019s most popular real estate strategies include :<\/p>\n<p style=\"text-align: justify;\">\u2022 Flipping a house to sell it for a profit<br \/>\n\u2022 Holding a rental property to make passive monthly income<\/p>\n<p style=\"text-align: justify;\">Both are great options with numerous advantages, but it\u2019s important to select based on your needs, abilities, and financial standing. To help you decide which real estate investment opportunity is best suited to you, let\u2019s consider a couple of the pros and cons of each.<\/p>\n<p style=\"text-align: justify;\"><strong>Fix and Flips<\/strong><\/p>\n<p style=\"text-align: justify;\">The Pros<br \/>\n\u2022 Potential for immediate profits: Most people who choose to enter the fix and flip industry are looking to turn a quick profit\u2014and the right flip can help you make money quickly. Returns can be achieved in a relatively short amount of time.<br \/>\n\u2022 Real estate markets are easier to predict: Unlike the stock market, which can fluctuate daily, the real estate market remains steadier, and can be easier to predict.<\/p>\n<p style=\"text-align: justify;\">The Cons<br \/>\n\u2022 Unrealistic expectations: While you can turn a relatively quick, significant profit while flipping homes, this isn\u2019t a given. Your success depends on an array of factors, including the properties available for purchase in your area, the team you hire, the real estate market, and comparable homes in the area. Many flipping \u201cnewbies\u201d tend to enter the industry with unrealistic expectations, which can be dashed if the first flip doesn\u2019t go as planned.<br \/>\n\u2022 High investment costs: To purchase a fix and flip property, you\u2019ll need to have the right amount of capital on-hand. In a slow real estate market, you may be able to afford the property you want with ease; in a hot, competitive market like Arizona, you may have to pursue alternative forms of funding like Peoria hard money lenders, as banks and traditional lenders are unlikely to fund a new fix and flip venture.<\/p>\n<p style=\"text-align: justify;\"><strong>Running a Rental Property Business<\/strong><\/p>\n<p style=\"text-align: justify;\">The Pros<br \/>\n\u2022 High returns in the long run: Buying and holding a rental property can help you amass wealth in the long run, as property values tend to increase over time. Short-term market fluctuations don\u2019t significantly affect monthly rental income.<br \/>\n\u2022 Monthly income: If you\u2019re looking for something to serve as a steady source of passive income, a rental property is the way to go. Typically, it\u2019s much easier to find a renter than it is to find a buyer, and securing the right tenant means expecting a check each month.<\/p>\n<p style=\"text-align: justify;\">The Cons<br \/>\n\u2022 Continuing expenses: You\u2019ll be responsible for maintenance expenses on your rental property, and be in charge of any repair necessary after tenant turnover.<br \/>\n\u2022 Monthly management responsibilities: With a buy and hold property, you\u2019re signing up for quite a bit of responsibility, especially if you take over management duties and serve as the landlord for your property. While this can be circumvented by purchasing the services of a property management company, this in itself constitutes a new cost.<br \/>\n\u2022 Dealing with renters: It seems every landlord has a nightmare tenant story, and it can sometimes be difficult to avoid\u2014even if you go through the screening process point by point.<\/p>\n<p style=\"text-align: justify;\"><strong>How to Choose Between Flipping and Rental Properties<\/strong><\/p>\n<p style=\"text-align: justify;\">After assessing a few of the pros and cons of both options, hopefully you have a bit more insight into the investment strategy that\u2019s best suited to your needs. Although your choice ultimately depends on your current financial situation and your investment goals for the future, there\u2019s an easy way to discern between these two options.<\/p>\n<p style=\"text-align: justify;\">Holding a rental property is typically more advisable for an entrepreneur that considers real estate the bulk of their investment portfolio. In contrast, fix and flip endeavors are better suited to entrepreneurs that want to supplement their already robust investment portfolio.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/real-estate-investing-should-you-flip-homes-or-manage-a-rental-property\/98747193\/\" target=\"_blank\" rel=\"noopener\">Real Estate Investing Should You Flip Homes or Manage a Rental Property<\/a> by Allison Halliday | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate investing continues to be a popular strategy for entrepreneurs from all walks of life, as it provides more predictable, steady returns than stocks and bonds. Thanks to the &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/choose-flipping-rental-properties\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8384","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Choose Between Flipping &amp; Rental Properties &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/choose-flipping-rental-properties\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How to Choose Between Flipping &amp; Rental Properties &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Real estate investing continues to be a popular strategy for entrepreneurs from all walks of life, as it provides more predictable, steady returns than stocks and bonds. 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