We got our last property rented out a couple of weeks ago. We bought the house thinking it would be a fix and flip but because of some contractor issues we overpaid on some things. Therefore, instead of making a small profit we decided to turn the remodeled house into a fix and rent.
We are getting a decent return on our investment, not quite the numbers we prefer but it still works.
Now, we are scouring the area for our next project. Will it be a fix and flip? fix and rent? or straight rental acquisition?
The answer to that is in the numbers. We will keep you posted.