Posted by jeff on July 17, 2002 at 17:01:56:
that all depends on you and your market. if you have the cash behind you already to handle the maintenance and other expenses of the deals then sure it is. if your strapped for cash then maybe flips is where you need to be.
how are you gonna handle the leaky roof in 2 months when the tenant calls and their new born baby is getting dripped on? is this something you can handle? if not, try another technique becasue there is always something broke in a rental. theres nothing like getting calls every day of the week to come change someones light bulb and get the toilet bowl taken care of. i personally beleive id be better off just buying port-a-potties and boarding up the restrooms in my houses. flips bring you quick cash, L/P can bring you big cash at a later date. do you have the toughness and financial backing to wait out the storm until the check at the end of the L/P tunnel arrives?