Best Way to Start. Opinions needed.
Hello Everybody,
I posited a comment in the member introduction page a little earlier, but now I wanted to take the time to get some feed back and opinions on how to proceed with starting my REI career.
In my research I have concluded that there are 3 options for people who are just starting out in Real Estate Investing (in no specific order):
1. Wholesaling
2. Fix and Flip
3. Buy and hold for Rental Income
Because of our financial situation and me being a licensed Realtor the Fix and Flip and Buy and Hold strategies are the most appealing to me at this time.
My question to the community is if you had >$200,000 to invest into your real estate business would you begin by buying and fixing rehab properties or would it make more sense to begin to accumulate income producing properties.
One of my main motivations for wanting to begin to build a real estate investment portfolio is to free me from my 9-5 job to be able to spend more time with my family and focus on building the most solid financial foundatation as possible for our future. I am interested to see what this community think