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Updated about 10 years ago on . Most recent reply

Account Closed
  • Westchester
0
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5
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New to investing

Account Closed
  • Westchester
Posted
I'm 28 years old and I want to buy an investment property . I am a little confused in which direction to go with my decision . I am currently living in Westchester, NY but my ultimate goal is to move down to Florida ( anywhere that is nice in Florida ) . I know that the properties down in Florida are way cheaper than anything I can find up around here but I do have alternative locations around here like Stamford CT, Bridgeport CT, Norwalk CT but I wanted some advice from an experienced investor what is the best option to go with for buying a first investment property? Is it a rental ? A flip? My goal is to have some cash flow so I'm leaning towards a rental but I also don't mind doing a flip making a few thousand and adding it to my savings and possibly buying a small building with several units? Can anybody give me any advice ? I really appreciate it

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