Odd situation...

We just submitted a offer for a property that would make a FANTASTIC rental , almost ready to go at a asking price of $25k, needs <$5k in repairs, gonna try to get it for $25k including repairs. Will rent for $650-$700/mo (31.2%-33.6%).

However right after submitting the offer (Within 30m) I got a notification that a fantastic property for a flip had been listed. Great location, decent price ($67k) with the potential for a profit of $40k or more on a 3-4mo timespan. Problem is with the cash we have in the bank + Wallet it comes out to *around* $115k or so. Take off $25k, then the $20k margin I want to keep in the bank for trouble spots, and we would barely have enough to finish the rehab/sales phase of it.

I'm not complaining - We're in a fantastic financial spot right now, when it's all said and done we'll be bringing in nearly $8k/mo gross from the rentals after all properties are accounted for. I hate to miss out on the chance of a quick $40k net profit on a flip.

Not sure what to do yet, I have a few guys that are interested in loaning us USD mortgages, but I'm in the early stages of working out the details.