What is a better first investment: Flipping a house, or buying and holding something like a multifamily apartment? (I also don't have very much money)
@Jonathan Fischer I would do a buy and hold. Do you currently own or rent your primary residence? If you rent, you can live in one unit and rent out the other freeing up your cashflow to save and purchase more. Good luck!
I think the real question is are you a good flipper? Or buy and holder? Find your sweet spot and returns are good in each area.
No I don't currently own my own house, I still live at home actually haha. But I heard a flip would be better to quickly generate cash, then you could keep flipping houses until you make a good sum of money, THEN start doing multifamily units. Perhaps I've got it wrong?
Thank you for the responses! I've never done either, so this is all completely new for me. Although house flipping seemed like something I'd be particularly interested in.
@Jonathan Fischer Both are good. It all depends on what you are comfortable with. For a first time homebuyer you have the opportunity to put 3% down on a duplex.
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