Peanut butter and jelly. Surf and turf. Burgers and fries. Milk and cookies. Coffee and donuts. Beer and wings. Wine and cheese. Alone these things are desirable. They will certainly satisfy my taste buds and quench my thirst. But together, these foods stuff my belly and leave me feeling warm and fuzzy inside. Want more articles like this? Create an account today to get BiggerPocket's best blog articles delivered to your inbox Sign up for free Fixing and flipping and buying and holding have a similar affect on my senses. It may seem like these two exit strategies are mutually exclusive. They don’t really go together. Either you’re a fix and flipper or a buy and holder right? Well, yes. And no. I operate my fix and flip business for the sole purpose of creating enough revenue to pay my monthly expenses and purchase long-term rental properties. In short, the fix and flips are my business; buy and holds are my investments. My goal is to keep buying rentals until there is enough cash flow to cover all my bills (and a little extra for regular trips to the beach, mountains and golf course). Contrary to what the popular real estate investing gurus say you do need some money to get into this business. Not a lot. But some. For you that source of revenue may be your job. For others, it could be a successful business. If you’re happy doing what you’re doing (and get paid well) then keep on doing it. Just be sure to set aside some extra cash to buy a rental or two. However, if you’re crazy about real estate like I am (and hate your job) then maybe fixing and flipping is for you. Just remember, starting any new business requires cash reserves. When I got into the game full-time in 2002 I didn’t have a revenue stream of my own. I had something better – a Sugar Mama. My wife had a great job and supported me until I could get the business off the ground. So what’s better, fixing and flipping or buying and holding? The answer is, it depends. Most of the full-time investors I know are doing both. Those that aren’t would like to do both but need more cash. And a few of my friends with regular jobs do the occasional fix and flip for extra money to purchase rental properties. As for me, I think fix and flipping and buy and holding go together like ice cream and chocolate sauce. Now I need to go. I’m starving.