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Updated about 9 years ago on . Most recent reply

User Stats

28
Posts
10
Votes
Alex Boyce
  • Winter Garden, FL
10
Votes |
28
Posts

Flipping vs. Buy-And-Hold?

Alex Boyce
  • Winter Garden, FL
Posted
Hey BP, Seeking some experienced advice on strategies when starting... I'm VERY excited about REI but am in the very early stages: getting my personal finances in order and learning as much as I can. Currently renting a townhouse, and not much in the way of assets. My end goal is a portfolio of buy and hold properties so I can live off of the cash flow. If there's one thing that I've learned about B&H, it's a VERY slow game. Which I love, but it's also frustrating because I'm itching to get started investing now. I'm still a year or two away from having enough to buy a house-hack-ish property (looking for a primary residence with a mother-in-law suite to rent). I've been curious about learning to flip to build cash reserves, then use that to buy long-term holdings. But it seems like there's a lot to know and a lot that can go wrong with flipping. Does it seem like a bad idea to learn how to flip just to get started, particularly if that's not what I want to ultimately do?

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