Real estate investing is an art form, and there is more than one approach you can take to the craft. One of the most common dilemmas is simple: is it a better idea to flip properties or to rent them out? Flipping can often lead to faster cash gains and is considered a lower-risk strategy in many instances. However, tax problems and the high cost of investment can cause issues. Renting supplies regular income, which many real estate investors find desirable, and the slower-paced process makes for a lower-pressure environment. That being said, finding good tenants can be a struggle, and market conditions can be unpredictable. Simply put, there are pros and cons to both! Unsure which strategy is best for you? Contact us for guidance.
A real estate inspection or home inspection is not an appraisal or a check for compliance with building codes; it’s also not an evaluation of environmental hazards. See the NYS Standards of Practice for more information on the limitations of a home inspection.
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