I have been learning SO much about real estate investing over the past few weeks. I have a little capital to start with and I want to pull the trigger soon here. My long term goal would be to own rentals for passive income. However, I am wondering if that will tie up all my capital in between purchases or if there is a strategy that I am unaware of?
Example: If I have 50k to start with and have to put it all down on an investment property, do I have to save another [50k or some other amount] to put down on my next investment property?
Would it be a good idea to do some flips first to build some more capital?
I want to move ahead quickly in the real estate investment game and I'm just wondering what's the best and fastest way to do this.
Flipping is not easy especially if you have never done it before, you might be better off starting with a rental, learning a bit about rehab and repairs then selling it a year or two down the line. Most people lose money on their first flip.
The short answer is yes. However, don't approach it as flipping houses. .you are flipping cash... houses are just one way to do it
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