Apartments, Condos, & Homes

Flipping Houses Vs. Owning Rental Properties

Owning Vs. Flipping Homes

The real estate experts at Cobalt Creek Property Management in Denver, Colorado are here to help you break down flipping houses vs. owning rental properties. Both forms of real estate investing have their benefits, and many people make money from both. Let’s explore the pros and cons of each and explore how you can profit from them.

The Benefits Of House Flipping

Many people see the continual rise in housing prices in Denver and wonder if flipping a house would be a profitable enterprise.  Flipping houses is a high risk, high reward endeavor that has gained a reputation for making people rich quickly. Here are a few of the most significant benefits of getting into house flipping:

  • Adding Value To An Unwanted Property
  • No Long-Term Responsibilities
  • Self-Employment
  • Large Pay-Outs

Flipping Houses Can Be Hard Work

One of the most significant drawbacks to house flipping is the considerable time commitment it requires. You are always working on a property, trying to sell a flipped house, or looking for new homes to flip. In addition, there have been studies published in the Denver Post, in which Denver ranks low compared to other metro areas in terms of house flipping profitability and shows a decline in the number of homes being flipped and sold.

Can You DIY?

If you are handy, you can do the renovation work yourself. Otherwise, you’ll need to hire and manage construction crews who can do it for you. This can take considerable amounts of time and money.

Payday Is Not Set In Stone

You will earn a lot of money from a single flip, but when you get it depends on how fast you can sell the flipped property. A successful house flip can take months or even a year to complete.

Owning Rental Properties – The Pros

Becoming the landlord of rental properties is a long term investment strategy. You are in it for the long haul. Owning may not be as thrilling as flipping houses, but it has plenty of other benefits:

  • You Provide A Home For People
  • Steady, Passive Income You Can Count On
  • Equity That Grows Over Time
  • A Path To Financial Independence

Landlord, Manager, Maintenance Worker?

One obvious downside to owning rental properties is that you are responsible for managing your investment properties. This includes the day-to-day work of maintenance, collecting rent, and communicating with tenants.

Are You A People Person?

There are also the tasks of finding and screening new tenants to replace the ones who are moving out. You want to make sure your investment home is continuously making you money instead of just sitting empty on the market or standing filled with a renter who won’t pay.

Buying Or Flipping? Property Management Can Help.

At Cobalt Creek Property Management, we act as a full-service real estate broker. We can help you find and buy properties that are ready for flipping. Once you’ve renovated these homes, we can help you sell them at a competitive market price.

We also find, screen, and communicate with tenants for our landlords. Maintenance calls and rent collection are no longer a hassle when you have a whole team to take care of them for you.

Ready To Add Experience To Your Team?

Whether you’re looking to buy and hold properties or buy and flip them, Cobalt Creek Property Management can help. We can help you acquire, protect, and steadily grow your investment properties in Denver Colorado. Contact us today to get in touch with our real estate professionals.

Service Area

We proudly serve properties in Colorado, specifically focused on the Denver metro area, including: Denver, Greeley, Lakewood, Wheat Ridge, Thornton, Northglenn, Brighton, Broomfield, Arvada, Commerce City, Dupont, Eastlake, Henderson, Westminster, The Highlands, Sloan's Lake, LoHi, Cherry Creek & surrounding neighborhoods.

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Why Choose Us?

We know you have a lot of choices when it comes to finding a property manager you can trust. We specialize in the latest technology, with unparalleled efficiency, and an extreme focus on quality communication.

We utilize every available resource to effectively manage your property rental and leasing needs.

Tired of renting or being a landlord? We're also a full-service Colorado real estate broker. We offer complete representation for both home buyers and sellers.

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Contact Us Today

We're happy to help you with all of your questions, concerns, and requests. Give us a call today.

Cobalt Creek Property Management
565 James Martin Circle.
Ohio 43221