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Updated about 7 years ago on . Most recent reply

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Ryan Beattie
  • Rochester, NY
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Buy & Hold vs. Flipping for a newbie.

Ryan Beattie
  • Rochester, NY
Posted

Hi Everyone! 

I've been researching, learning, and consuming as much content as possible for a while now, trying to get all the info I need to get started investing. The problem I keep coming back to in my mind is the choice between holding rental properties, and flipping. Flipping is more appealing to me because I enjoy the process of renovating homes. I am also capable of doing 90% of the work myself. I also have concerns with land-lording and potential problems it brings. That being said, I work a "more than full time" job doing 50-60 hours a week. I don't see anyway I could have time to manage a flip, much less multiples. So, I get thinking about the buy & hold side of things. It seems that might be more realistic to fit for my current life, although it is less appealing to me. I think less time would be involved in acquiring a rental property or two, at least when compared to a flip or two. My overall goal, and reason for trying to get into RE investment is to retire well; maybe retire early. I'd love to hear your thoughts on which way to go. I look forward to getting more involved with this community.

Thanks!

Ryan

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