I want to know what people think is better to start with as a beginner. Is it better to buy and hold or buy and flip? I like the idea of getting cash so I can put it into other Investments, however I think Equity will be important in the future as well.

@Dan Brock

I know a number of people doing both.

Paul

We started out doing flips.  We wanted to use cash only and only had enough to do one at a time.  After 60-70 flips we bought our first rental.

We budget for 20% profit in a six month time for flips. We also budget a 6-8% cap rate rate on rentals. There is also potential for appreciation.

We also like vacation rental and look to buy at 5 times yearly rental or less. We have to self manage to make money.

Hope this helps.  I don't think there is a wrong answer.

Bill

Bill, I really do appreciate your input. I think that is a great way for me to build up some some needed cash flow!

@Dan Brock those are 2 completely different strategies. There is nowhere near enough info to know what to tell you. One is building wealth and investing. One is earning cash from working. What is your goal?

You've essentially asked, "Do I buy a dividend stock, or get another job to buy more dividend stock?"

Bryan, yes I understand.  I think I was premature in asking that question. 

I am trying to start out with little more than just what equity I can pull out of my house. I have talked to a few other investors and their opinions were for me to start with buy and flip so that I can earn enough cash in order to buy GOOD cash flow properties that I can buy and rent.

Does that make sense to you Bryan? 

My goal is to be a millionaire, billionaire of I have enough days in my life left! I know it's a big goal, but I have the drive to get me there!

Risk tolerance should be a major part of your decision making process.

Are you prepared to lose everything you have, including your own home, if things go badly. If so then buy and flip is your best option to grow cash fast.

If you are more conservative the buy and hold is your best option knowing if being

a landlord does not work out you can sell and regroup.

Hi Greg, thanks for your reply.  

I'm currently listening to BP's podcast #3. They are talking about taking risks and how conservative you are. I'm single, I'm young, I have no kids, and I have a full-time job that pays me pretty decent. 

I think at this point in my life it's a safe time to be a little less conservative and take more risks.