Test your property investing expertise …
Which is the better property investment – a flip, or a rental property?
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A flip is when you buy a house that needs work done on it, fix it up, and sell it for a higher price. You need to know how to buy at the right price, how to do the repairs, or how to get them done at the right price.
A rental property is when you buy a house that will rent for more than the mortgage payment, and over time the rental income will go up, while the mortgage payment stays the same. So you make more money each month. Plus, there's appreciation of the property value in the long-run.
Which do you think would be the better property investment - a flip, or a rental property?
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