Flipping versus Long-Term Renting in Dallas, Texas

[Cade Anderson]

Hi y'all,

My first post on this forum and I'm looking forward to diving into this community! I am in my early twenties, just moved to Dallas from Houston, and I am saving for my first property.

I am not sure about what this first property should be, so I wanted to get the opinion of other people in the area. I am sure that there are deals to be found in any economic climate, but between the hot Texas market and high interest rates, I want to be smart about how I start off.

Long-term rentals are especially intriguing to me, but I wanted to hear from people that have made them cash flow successfully. Would it be better to start out with flipping to try to build up a larger nest egg to later invest in rental properties?

Thank y'all for taking the time!

[Michael Dumler]

@Cade Anderson, it can be debated, however, I strongly believe everyone's first deal should be a house hack property. Start looking into this method of investing ASAP.