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Updated about 10 years ago on . Most recent reply

User Stats

24
Posts
1
Votes
John T kemper
  • Lancaster, PA
1
Votes |
24
Posts

i am told flipping wouldnt be my best choice... lancaster area

John T kemper
  • Lancaster, PA
Posted

so recently i was told with our financials we really shouldnt or couldnt start our investment path by flipping houses...   our vision (uneducated newbie vision) was to flip a few houses inorder to put 20% CASH down on our first rental for bigger cash flow and more units...

we only have 18k available  (leveraged)

we have the people for the work

we are finding some good properties on the market

I work 60hrs a week and have 2 small children

   the advisor is a good one and i believe is looking out for us...  suggesting a more conservative approach to buying the rental first and going into the second rental with equity...

any further insight?

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