Renting, Rehabbing or House Flipping?

2 Replies

Hello all,

     I bought my first house a few years ago ( I'm living in). I have $15,000 in business credit, excellent credit and still saving up cash. I want to buy rental property and build a successful portfolio. I'm just stuck trying to figure out what's the best move to start out with. I know it's not much but it's a start. 

Thank you

JonCurtis 

Hi Jon,

I can't tell you which is best for you. That is a question only you can answer. I would suggest reading books on the subject and watching some podcasts and webinars to gain a better understanding of the pros and cons of each. I wouldn't make a move on a strategy I wasn't 100% in love with and had plans and backup plans for. It'd be best to define your end goals and work backwards to see which investment path would get you there in a manner which you are comfortable with and can succeed in.

Originally posted by @JonCurtis C. :

Hello all,

     I bought my first house a few years ago ( I'm living in). I have $15,000 in business credit, excellent credit and still saving up cash. I want to buy rental property and build a successful portfolio. I'm just stuck trying to figure out what's the best move to start out with. I know it's not much but it's a start. 

Thank you

JonCurtis 

 I would think, based upon the info you gave, but a fixer upper which you could rent out or sell at a profit

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