Flip vs. Rental

[Jesse Niedringhaus]

Just starting out and was looking for some feedback. I have a little capital and am toying with purchasing a condo vs. investing in a friends flip. The flip would obviously offers a quicker return, but is much more risky. The up-front investment would be about the same. My goal is to increase my financial freedom over the next 15 yrs. or so. Any thoughts would be appreciated.

[Ali Boone]

I think the only way to be able to decide to is lay out a strategic plan. What exactly is it you want to accomplish and in what timeframe? Then drill backwards and figure out what will get you there. If you don't have an aim point, you'll never know which investment to dig into now. If you ever need any help, feel free to reach out to any of us on BP!