Updated about 5 years ago on . Most recent reply
Would you rather do rental properties or Flipping houses?
Hello Everyone. My name is Michael and I am 22years old. I am a little confuse about whether I should start flipping houses or buy a rental properties and rent them out. I have $45K saved up and I am thinking about getting into real estate but I’m not sure which is best to start off with the capital I have now. Please I need your opinion. Thank you!
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- Investor and Real Estate Agent
- Milwaukee - Mequon, WI
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@Michael Buabeng - the single best first move is usually a house hack. Buy a dupex or 4 plex with a low down owner occupied loan and move into one of the units. You can buy another one in a year, again with low down.
It is a very easy way to get started, lower your own cost of living, free up cash flow, learn the process of buying, landlording and working with contractors. Low risk and easy to sell if you find it's not for you.
- Marcus Auerbach
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- 262 671 6868
