We have rent houses, but we are going to try and buy and flip one now?

There is a TV show like that and I'm addicted. I guess I see two things here. Rental properties are good because it's consistant income. If you want to flip one of them, then make sure the other properties are enough income so you still maintain your own cost of living. I think it's wise to flip one or two because the market is good and that doesn't always stay that way, but you still need to consider that selling them is one big payment, where taxes and fees need to be taken out of it. I'd flip one, yes, but I'd also keep some rental properties so you still have that consistant income.

Try to flip it? What does that mean? Is it where you buy it and then turn around and sell it again?

In our area houses are not selling well at all and there our tons of forecloures with the way the econmy is going.I can see holding on to a few so you have rental income coming in,good luck on the flip.

good luck. hope u do well w/it.i do well to keep up this one house much less rentals. you have a helper tho & that's good.