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Updated over 4 years ago on . Most recent reply

User Stats

5
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6
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Lena Oeun
  • Real Estate Agent
  • Philadelphia, PA
6
Votes |
5
Posts

First investment property: rental+house hacking vs flip

Lena Oeun
  • Real Estate Agent
  • Philadelphia, PA
Posted

I'm 19 years old and working as a full-time agent in January. Along with planning to hit my financial goals through commission, should I go for buying a single-family with an FHA loan and house hack or do a flip?

My initial goal was to get a single-family home to keep long term, live in the place with 3-4 other roommates for 2-3 years. Keep renting out the place to tenants. Make passive income from there.

However, I was advised to do a flip instead to invest in multi-family investments. I just want some advice or tips for someone as young as me getting into RE investments.

Also if you have book recommendations related to real estate investments, please list them!

Thank you!

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