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Updated almost 10 years ago on . Most recent reply

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Shylil Smith
  • Professional
  • Jamaica, NY
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First Investment Idea

Shylil Smith
  • Professional
  • Jamaica, NY
Posted

Is it a smart idea investment to buy a SFH property with built in equity, make improvements to the home, and hold as a rental? I would then pull out that equity and move to the next deal. I have an advantage to an owner occupied loan at the moment, so I was thinking to basically do a live and flip, because I still do also need a place to live as well. I'll also do the diligence to also make sure it'll be a great cash flow rental for after.

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Kevin Siedlecki
  • Investor
  • Madison, CT
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Kevin Siedlecki
  • Investor
  • Madison, CT
Replied

That is definitely one good way to get started!

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