Ep 12 - Should You Buy & Hold or Flip Investment Properties?

<p>In this episode, We discuss the pros and cons of buy and hold and flips. We discuss our own personal experience into how we have dealt with both situations and how they have boded for us. You really never know how each one will be for you until you experience it yourself!</p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p>Show Notes:</p> <ul><li style="font-weight:400;">Buy And Hold <ul><li style="font-weight:400;">Pros <ul><li style="font-weight:400;">Recurring income - Can turn passive.</li> <li style="font-weight:400;">Property value appreciates </li> <li style="font-weight:400;">You can write off property taxes and other expense related to the property off at tax time</li> <li style="font-weight:400;">Can be used to refinance and purchase your next investment property.</li> </ul> </li> <li style="font-weight:400;">Cons <ul><li style="font-weight:400;">Property can be vacant for a time and cost you.</li> <li style="font-weight:400;">Dealing with tenants and managing them. <ul><li style="font-weight:400;">If you have a property manager, just another added cost.</li> </ul> </li> <li style="font-weight:400;">Legal issues such as evicting tenants.</li> <li style="font-weight:400;">Hidden repairs</li> </ul> </li> </ul> </li> <li style="font-weight:400;">Flips <ul><li style="font-weight:400;">Pros <ul><