Getting Started in St Louis
Hello All,
I am in St Louis area (west county) and am wanting to get my foot into real estate investing. I was interested in whether i should look to flip first or to invest in a rental. My goal is to build a business and be able to leave current job. I know this will not happen over night but would appreciate anyone's comments or thoughts on the best way to proceed. I have found BP to be a great source of info. I have flipped 2 properties years ago but was very lucky that the properties fell into my lap due to family. The appeal of a flip and potential for a quicker lump some return is nice but the long term of the rental has just as much appeal for the future.
I will have roughly 80k-100k to start but would like to know what everyones thoughts are on buying cash or financing? I could ask a hundred more questions but would appreciate any info.
Thanks
Jeff Hartman