Use my FTHB for a rental or for a flip?
Ok, I’m cracking into this REI adventure and my main goal was to start flipping houses. I have a team and I have the knowledge on where to find a deal and how to run the numbers. The only thing that isn’t appealing to me is the percentage of the profit going to Uncle Sam, which I know is inevitable! But after splitting the profits 2 ways and paying the taxes, the numbers don’t look to hot.. I’m currently looking for houses and I plan on utilizing my FTHB for a 3.5% down payment and Staying in the house for the required 7 month so my question is, would it make more since financially to start with rental properties use the BRRRR strategy ? Or should I flip my first house and use the profit as the 20% down payment? Looking for advice for a successful jump start into my real estate empire!