Updated about 2 years ago on . Most recent reply
LTR vs. House-Flipping
Hey all,
24-year-old Physician Associate here looking to get into his first investment property! My original strategy/plan was to get my hands on a LTR multi-family with either a conventional loan OR House-Hack with an FHA loan depending on the property. However, I've come across a few videos and forums (some from here on BP) that have detailed the potential of purchasing undervalued properties on with a 203K loan and adding forced appreciated into it with a little bit of hard-work and due diligence. It seems as if you can make some serious $$$ with this strategy, if performed correctly. To me, it also seems like a great way to scale your capital, and fast.
Can anyone offer any advice/preferences regarding these strategies for a first-time investor? Any personal experiences and/or downfalls/valuable lessons learned?
I am super motivated and cannot wait to start building my RE portfolio. Thanks in advance for your feedback!