Any advice for a rookie
New to real estate, as well as biggerpockets. I appreciate any advice as well as lessons any of you guys have learned along the way. I’m stuck between rentals and house flipping to get started. I like the longevity and wealth building overtime of rentals, however the quick pace of house flipping also has my interest. Just wanted to know if anyone had any opinions on this so I can focus on one to get started with my journey. I’d also really appreciate anything you wish you would’ve known or done different before/during/and after making your first purchase.
Most Popular Reply
Hi Khory, I would ask yourself two questions. 1. What are you wanting to accomplish? 2. How much capital do you have to invest? If you're looking for a quick cash on cash return or have limited capitol to work with rentals may not be for you. If you have a lot of stored cash and are looking for somewhere to park it other than the stock market or financial institution then rentals may be your choice.