As a newbie in real estate, is the more common path to fix n flip, then acquire rentals? Little capital but decent credit score 😣
No flipping has a much smaller margin for error and if you are just starting you likely don't have the lead sources or contractor contacts to make it work efficiently.
@Aaron K. thank you
@Laura Weston for every 4 flips you do, keep one as a rental. Use this formula to save your first $1Mil. By then you’ll have somewhere around 20 paid off rentals.
@Sejj Jackson Those are some CHEAP rentals
I'd personally start by building an income property portfolio. You may want to hold off on flips until you have adequate residual income coming in and a solid emergency fund.
@Aaron K. When compared to California prices...everything’s cheaper. I like areas I get more bang for my buck. For 1 of your $500k properties, I can have 20-25 rentals at $750 each with a value around $1.2Mil.
Even in cheap areas $50k is very cheap