First investment- should I start with a flip or renal property?
I’m 22 and want to start my real estate investing journey, by this time next year I’d like to atleast have 1 property under my belt. I personally won’t have much money to put into it so I’ll be using some kind of lender/loan etc and may have my dad (who also wants to start investing) invest if I need more.
My question is, being that I don’t have a whole lot to put into it- should I find a house, flip it, pay the expenses & the loan back and then use the profit to invest in rentals or should I go straight to rentals?
I would really appreciate any advice! I’m in the Houston area and will be looking for a mentor, agent, etc probably by the new year so I’m also taking recommendations on that. Thanks in advance!