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Updated 1 day ago on . Most recent reply
Wanting to get into the home investing
Hey everyone,
my name is is Sam, I'm 31 years old, wanting to get into real estate investing. I've been listening to the bigger pockets podcast for a couple months now and am trying to learn as much I can when it comes to starting out. I ham currently have a house that is being rented. However I would like to start building my portfolio. I'm not sure what is the best approach; should I start looking at getting another house to buy and renovate and rent out, or should I flip a house? My goal is to be able to have enough passive income that I won't have to work if I don't want to.
any help or guidance would be appreciated!
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#1 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
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#1 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
Flipping is NOT passive income, but it is MORE passive than rentals.
The only truly passive real estate investments are REITs and Limited Partnerships.
Some of the most successful investors use flips to generate cash to buy rentals.
- Drew Sygit
- [email protected]
- 248-209-6824
