Today lets discuss whether or not you should be a landlord. When flipping houses, sometimes its beneficial to keep a couple of properties in your arsenal. I say this because you want to always be able to have some type of residual income. Now don’t get me wrong, it feels really good when you flip a property and get a large return on your investment. That feels really awesome, especially if you paid next to nothing for it, and you receive a big fat profit. The first time you flip and make your first profit feels incredible. However its always good to have residual income coming in every month. Some investors will say, they only want to get in and get out really quickly. But what if you run into a snag along the way and your funds are being depleted or pulled in several different directions? You want to have that stash of cash available to assist you, should you need it. You see as an investor, flipper and landlord, I have found in my experience that this is the best position to be in. Others may differ with me, but it seems to work in our favor. You see I have actually experienced the very situation I am sharing with you, and was very thankful that I was able to tap into my residual funds from being a landlord to keep moving. Well that’s my thought for today. Hope it helps you determine whether or not you want be a landlord. Until next time!
Happy flipping 😃